The existence of _____ is a characteristic of an oligopoly market structure.
A) many firms that sell identical products
B) price takers
C) a few firms that sell only differentiated products
D) some control over price

Question

Quizplus · Accepted Answer

Oligopoly market structure is characterized by a few firms that have some control over the prices of their products or services, unlike in perfect competition where firms are price takers.

The Existence of _____ Is a Characteristic of an Oligopoly