6. Characteristics of oligopoly An oligopolistic market structure is distinguished by several characteristics, one of which is products that are either homogeneous or differentiated. What are some other characteristics of this market structure? Check all that apply. Market control by many small firms Neither mutual interdependence nor complete independence Difficult entry Mutual interdependence Market control by a few large firms

Principles of Microeconomics
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ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter17: Oligopoly
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6. Characteristics of oligopoly
An oligopolistic market structure is distinguished by several characteristics, one of which is products that are either homogeneous or differentiated.
What are some other characteristics of this market structure? Check all that apply.
Market control by many small firms
Neither mutual interdependence nor complete independence
Difficult entry
Mutual interdependence
Market control by a few large firms
Transcribed Image Text:6. Characteristics of oligopoly An oligopolistic market structure is distinguished by several characteristics, one of which is products that are either homogeneous or differentiated. What are some other characteristics of this market structure? Check all that apply. Market control by many small firms Neither mutual interdependence nor complete independence Difficult entry Mutual interdependence Market control by a few large firms
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