Which characteristics best describe oligopolies?
A) low fixed costs
B) mutual interdependence
C) very large firms
D) identical pricing
E) many firms

Name: Which characteristics best describe oligopolies? A) low fixed costs B) mutual interdependence C) very large firms D) identical pricing E) many firms
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Question

Quizplus · Accepted Answer

Oligopolies are characterized by mutual interdependence, where a few large firms dominate the market and each firm's decisions affect the others.

Which Characteristics Best Describe Oligopolies