The key feature of an oligopoly is that there
A) is one seller.
B) are only a few sellers.
C) are many buyers and sellers.
D) is product differentiation.

Name: The key feature of an oligopoly is that there A) is one seller. B) are only a few sellers. C) are many buyers and sellers. D) is product differentiation.
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Question

Quizplus · Accepted Answer

Oligopoly is characterized by the presence of a few large firms in the market, making it highly competitive among them while limiting the entry of new competitors.

The Key Feature of an Oligopoly Is That There