Which of these is a characteristic of an oligopoly market structure?
A) many firms
B) produce at the level of output where price equals marginal revenue
C) mutual interdependence
D) a unique product

Question

Quizplus · Accepted Answer

Oligopoly markets are characterized by a few large firms that are interdependent. Their decisions regarding prices, output, and strategy are often made with consideration of the potential reactions of other firms within the same market.

Which of These Is a Characteristic of an Oligopoly Market