A basic characteristic of the firms in an oligopoly market structure is that they are:

Question

Quizplus · Accepted Answer

In an oligopoly market structure, there are a few large firms that dominate the market and compete with one another. However, these firms are interdependent because their actions can directly affect the profits of other firms in the industry. Therefore, choice A is the best answer as it accurately reflects both the size and interdependence of firms in an oligopoly market.

A Basic Characteristic of the Firms in an Oligopoly Market