In which of the following market structures is there clear-cut mutual interdependence with respect to price-output policies?
A)pure monopoly
B)oligopoly
C)monopolistic competition
D)pure competition

Question

Quizplus · Accepted Answer

In an oligopoly, a few large firms dominate the market, and the actions of one firm significantly impact the others, leading to a situation of mutual interdependence in terms of pricing and output decisions.

In Which of the Following Market Structures Is There Clear-Cut