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Homework answers / question archive / Which of the following is a key characteristic of an oligopoly? a) The firms in an oligopoly are mutually interdependent

Which of the following is a key characteristic of an oligopoly? a) The firms in an oligopoly are mutually interdependent

Marketing

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.

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