A unique characteristic of oligopolies is their
A) differentiated products
B) profit-maximizing behavior
C) advertising campaigns
D) ability to overcome barriers to entry
E) mutual interdependence

Question

Quizplus · Accepted Answer

Oligopolies are characterized by mutual interdependence because the actions of one firm can significantly impact the actions and reactions of other firms within the market. This is unique to oligopolies due to the small number of firms and the significant market share each holds.

A Unique Characteristic of Oligopolies Is Their