In an oligopoly market,

Name: In an oligopoly market,
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In an oligopoly market, a few dominant firms control the majority of the market share. This leads to high barriers to entry for new firms, making it difficult for them to compete. The firms in an oligopoly may produce similar or differentiated products, but they have significant market power to control prices and output levels. The demand curves of the other firms are affected by a dominant firm's behavior change, making the market interdependent.

In an Oligopoly Market