Oligopoly is a market structure that is characterized by a _____ number of _____ firms producing _____ products.
A) small;interdependent;identical or differentiated
B) small;independent;identical or differentiated
C) large;relatively small and independent;differentiated
D) large;relatively small and independent;identical

Question

Quizplus · Accepted Answer

Oligopoly is characterized by a small number of interdependent firms producing either identical or differentiated products. This means that each firm's actions have an impact on the prices, outputs, and other decisions of the other firms in the market.

Oligopoly Is a Market Structure That Is Characterized by a _____