All of the following are characteristics of an oligopoly EXCEPT
A) diseconomies of scale over all ranges of output.
B) small number of firms.
C) high barriers to entry.
D) interdependence.

Question

Quizplus · Accepted Answer

Diseconomies of scale are not a characteristic of an oligopoly. In fact, oligopolies often benefit from economies of scale due to their large size and dominance in the market. The other options are all characteristics of an oligopoly.

All of the Following Are Characteristics of an Oligopoly EXCEPT