Firm Market Share (%) A 20 B 20
C 20
D 20
E 10
F 10
The industry characterized by these data is

Name: Firm Market Share (%) A 20 B 20 C 20 D 20 E 10 F 10 The industry characterized by these data is
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Question

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An oligopoly is characterized by a small number of firms that have significant market shares. In this case, the market is dominated by four firms each with 20% share, indicating an oligopolistic market structure.

Firm Market Share (%) a 20 B 20