In an oligopolistic market, the impact on a seller of the _____ is greater than in other types of market structures.

Question

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In an oligopolistic market, there are only a few sellers who control the market. Therefore, the actions of other market sellers can have a significant impact on the individual seller's profits and market share. The total number of buyers in the market and the fact that all sellers produce identical products may also have some impact, but the impact of the actions of other market sellers is usually greater. The lack of rival sellers is a characteristic of a monopoly, not an oligopoly.

In an Oligopolistic Market, the Impact on a Seller of the _____