A market structure in which there are a few interdependent firms is called:
A) monopolistic competition.
B) monopoly.
C) oligopoly.
D) perfect competition.

Name: A market structure in which there are a few interdependent firms is called: A) monopolistic competition. B) monopoly. C) oligopoly. D) perfect competition.
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Question

Quizplus · Accepted Answer

An oligopoly is a market structure characterized by a small number of firms whose decisions are interdependent, meaning the actions of one firm can significantly impact the others.

A Market Structure in Which There Are a Few Interdependent