Oligopoly is the only market structure in which one finds:
A) barriers to entry.
B) competing brand names.
C) minimum average total cost pricing.
D) advertising.
E) firm interdependence.

Question

Quizplus · Accepted Answer

Firm interdependence is a characteristic unique to oligopoly, where a few firms dominate the market and each firm's decisions (e.g., regarding output, price, etc.) affect and are affected by the decisions of other firms in the market.

Oligopoly Is the Only Market Structure in Which One Finds