Which market structure is characterized by a few interdependent firms?
Understand the Problem
The question is asking about market structures in economics, specifically focusing on the characteristics of a market structure that involves a small number of firms that are interdependent. This likely relates to concepts such as oligopoly.
Answer
oligopoly
The final answer is oligopoly
Answer for screen readers
The final answer is oligopoly
More Information
In an oligopoly, the actions of one firm can significantly influence the actions of other firms due to the interdependent nature of their decisions. This interdependence can manifest in pricing, output decisions, and more.
Sources
- Which of the following market structures is characterized by... - homework.study.com
- Oligopoly - Wikipedia - en.wikipedia.org
Thank you for voting!
