Question

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.A) Market control by many small firmsB) Difficult entryC) Mutual interdependenceD) Market control by a few large firmsE) Mutual dependence

Answer 1

B. C. and D.

Step-by-step explanation:

Based on the scenario being described within the question it can be said that two other characteristics of this market structure would be a Market control by a few large firms, Difficult entry, and Mutual interdependence. That is because this type of Market Structure is one in which a few large firms agree agree not to compete against each other and instead dominate the entire market, therefore making it incredibly difficult for new firms to enter the market.