In which market structure is there clear interdependence between individual firms with regard to prices and sales?

Question

Quizplus · Accepted Answer

In an oligopoly market structure, there are only a few large firms that dominate the market and hold significant market power. As such, the actions of one firm will have a significant impact on the other firms' sales and profits. Firms in an oligopoly engage in strategic decision-making, considering the likely responses of their competitors to any changes in price and output levels. This clear interdependence between individual firms regarding prices and sales is not present in pure competition, monopolistic competition, or monopoly markets.

In Which Market Structure Is There Clear Interdependence Between Individual