An industry with a few interdependent firms is best described as an example of:
A) perfect competition.
B) monopolistic competition.
C) oligopoly.
D) monopoly.

Name: An industry with a few interdependent firms is best described as an example of: A) perfect competition. B) monopolistic competition. C) oligopoly. D) monopoly.
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Question

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An oligopoly is a market structure characterized by a small number of firms whose decisions are interdependent, meaning the actions of one firm can significantly impact the others.

An Industry with a Few Interdependent Firms Is Best Described