Oligopoly is a market structure characterised by:

Question

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Oligopoly is a market structure where a few large firms dominate the market, which makes it difficult for new firms to enter. This creates barriers to entry. In addition, the firms in an oligopoly are mutually interdependent, which means that their decisions affect each other's profits. This creates an environment where firms engage in strategic decision-making to gain a competitive advantage. The other options do not accurately describe the characteristics of an oligopoly.

Oligopoly Is a Market Structure Characterised By