A key feature of an oligopoly is that the competing firms
A) are independent.
B) have no pricing power.
C) are interdependent.
D) have no barriers to entry.

Name: A key feature of an oligopoly is that the competing firms A) are independent. B) have no pricing power. C) are interdependent. D) have no barriers to entry.
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Question

Quizplus · Accepted Answer

A key feature of an oligopoly is that the competing firms are interdependent. With only a few competitors in the mix, the actions of one firm influence the behaviors of the others.

A Key Feature of an Oligopoly Is That the Competing