thomasd06 thomasd06

22-05-2024
Business

Answered

What is a feature of an oligopoly market structure?
a.
No competition
b. Many small firms
C.
Government intervention
d. Few large firms dominating the market

Answer :

GinnyAnswer GinnyAnswer

22-05-2024

Final answer:

Oligopoly is a market structure where few large firms dominate and interdependence among firms influences decision-making.

Explanation:

Oligopoly is a market structure characterized by few large firms dominating the market and significant barriers to entry. In an oligopoly, firms recognize their interdependence and their decisions are influenced by the actions of other firms in the industry. This structure leads to competition and strategic decision-making among the limited number of firms.

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