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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?
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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?

a. Market control by many small firms
b. Difficult entry
c. Mutual interdependence
d. Market control by a few large firms
e. Mutual dependence

User Chris Arriola
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1 Answer

5 votes
5 votes

Answer:

The correct option is d. Market control by a few large firms.

Step-by-step explanation:

An oligopolistic market structure can be described as a market structure in which there is a small number of large firms, and none of the large firms can prevent the other large firms in the market from wielding great power.

An oligopolistic market structure is there a market that is dominated and controlled by by a few large firms.

Therefore, the correct option is d. Market control by a few large firms.

User Kovaxis
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