In which market structure is the interdependence of firms a key characteristic?
A)perfect competition
B)monopolistic competition
C)oligopoly
D)monopoly

Question

Quizplus · Accepted Answer

In an oligopoly, a few large firms dominate the market, making them highly interdependent. Their pricing and output decisions significantly affect each other, unlike in perfect competition, monopolistic competition, or monopoly markets.

In Which Market Structure Is the Interdependence of Firms a Key