Which of the following is a key characteristic of an oligopoly?
A) The firms in an oligopoly are mutually interdependent.
B) There are a small number of buyers in an oligopoly market.
C) There are a large number of firms in an oligopoly market.
D) Firms in an oligopoly market earn zero economic profit.
E) There are no entry barriers in an oligopoly market.
Correct Answer:
Verified
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