The key characteristic of oligopoly markets is "interdependence among firms." This means that:

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In oligopoly markets, firms are interdependent, which means that each firm's decisions will affect its competitors' decisions, and vice versa. Therefore, each firm must consider how its decisions will affect its competitors and the market as a whole. This interdependence can lead to strategic behavior, such as price wars or collusion, as firms try to gain a competitive advantage. The demand curve faced by each firm may not be perfectly elastic and firms may not all produce identical products, and while firms may be able to earn above-normal profits in the short run, it is not always guaranteed in the long run.

The Key Characteristic of Oligopoly Markets Is "Interdependence Among Firms