Economics · Oligopoly

Which one among the following is NOT a characteristic feature of an oligopoly market structure?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Group behavior
2Presence of a large number of sellers in the industry✓
3Price rigidity
4Interdependence of firms in decision making

Correct answer

Presence of a large number of sellers in the industry

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Which one among the following is NOT a characteristic feature of an oligopoly market structure?

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Which one among the following is NOT a characteristic feature of an oligopoly market structure?

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