An oligopolistic market structure is distinguished by several characteristics, one of which is either similar or identical products.

Characteristics of oligopoly

An oligopolistic market structure is distinguished by several characteristics, one of which is either similar or identical products. Which of the following are other characteristics of this market structure? Check all that apply

Market control by a few large firms

Market control by many small firms

Mutual dependence

Mutual interdependence

Difficult entry

Solutions

Expert Solution

In case of oligopoly there are few firm taking/capturing majority of the market.Since one firm gains at the expense of other which means firms are interdependence. There are barrier to entry making difficult entry

Thus ans is A,D and E

Rahul Sunny answered 2 years ago

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