Which of the following is a characteristic of oligopoly?
A) easy entry and exit
B) many firms
C) strategic dependence
D) horizontal market demand curve

Question

Quizplus · Accepted Answer

Oligopoly is characterized by strategic dependence, where the actions of one firm can have a significant impact on the profits and strategies of other firms in the market. Easy entry and exit and many firms are characteristics of perfect competition or monopolistic competition, while a horizontal market demand curve is a characteristic of perfect competition.

Which of the Following Is a Characteristic of Oligopoly