What is a characteristic found only in oligopolies?

Question

Quizplus · Accepted Answer

Interdependence of firms is a characteristic found only in oligopolies. In this market structure, the actions of one firm can significantly impact the decisions and profits of its competitors, creating a situation where firms must consider the reactions and responses of others before making strategic choices. This interdependence can lead to behaviors such as collusion, price leadership, and non-price competition. The other options listed, break even level of profits, independence of firms, and products that are slightly different, are not unique to oligopolies and can also apply to other market structures.

What Is a Characteristic Found Only in Oligopolies