The distinctive characteristic of an oligopolistic market structure is that there are recognizable interdependencies among the decisions of the firms.

Question

Quizplus · Accepted Answer

In an oligopolistic market structure, the actions of one firm can have a significant impact on the decisions of other firms in the market. This leads to interdependencies and strategic interactions among the firms, resulting in unique market dynamics. Therefore, the statement is true.

The Distinctive Characteristic of an Oligopolistic Market Structure Is That