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27 December, 12:00

An oligopolistic market structure is distinguished by several characteristics, one of which is either homogeneous or differentiated products. What are some other characteristics of this market structure? Check all that apply.

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  1. 27 December, 14:18
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    Other characteristics of oligopolistic market are

    Interdependence of firms Possibility of collusion Some barriers to entry Firm concentration ratio > 50% Few sellers

    Explanation:

    Firms act in collaboration with others they can not act independently.

    Firms can collude with one another and by doing so they maximize industry profits.

    Barrier to entry and exist firms are nor free to enter and exit from market.
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