Two important characteristics of oligopolists are that they have significant control over price and that there is mutual interdependence among them.

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In an oligopoly, a few firms dominate the market, giving them significant control over price. Additionally, because there are few players, each firm's actions (such as changes in price, output, or product features) can significantly impact the others, leading to mutual interdependence among the firms.

Two Important Characteristics of Oligopolists Are That They Have Significant