What is the key feature shared by all oligopoly markets?
A) a large number of sellers
B) mutual interdependence
C) product differentiation
D) easy entry and exit

Question

Quizplus · Accepted Answer

The key feature shared by all oligopoly markets is mutual interdependence, which means that the actions of one firm directly affect the profits and strategies of other firms in the market. This gives each firm a degree of market power and the ability to influence prices and output decisions. The other options - a large number of sellers, product differentiation, and easy entry and exit - are not necessarily characteristic of oligopoly markets.

What Is the Key Feature Shared by All Oligopoly Markets