Start learning →
Home › Bihar Board Class 12 (Arts) › Economics › Forms of Market and Price Determination › A distinctive feature of oligopoly is:

A distinctive feature of oligopoly is:

AMutual interdependence
BOne dominant seller
CEasy free entry
DIdentical output only
Answer & Solution
Correct answer: A. Mutual interdependence
Each firm must weigh the reactions and countermoves of the few rivals, so their decisions are interlinked.
Practise this question with Quill — Bihar Board Class 12 (Arts) →
Related questions