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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.

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