All of the following are characteristics of oligopoly EXCEPT
A. there is mutual interdependence between the firms.
B. there are high barriers to entry.
C. About 4 firms usually have 50% or more of the market share.
D. it is not possible to make profit in the long or short run.

This is a market structure, where a very few large sellers dominate the industry in which emerging business cannot compete due to high costs of setting up.

Oligopoly occurs when most products or services are provided by only a few large companies or business.

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All of the following are characteristics of oligopoly EXCEPT A. there is mutual interdependence between the firms. B. there are high barriers to entry. C. About 4 firms usually have 50% or more of the market share. D. it is not possible to make profit in the long or short run.

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What is oligopoly?

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All of the following are characteristics of oligopoly EXCEPT
A. there is mutual interdependence between the firms.
B. there are high barriers to entry.
C. About 4 firms usually have 50% or more of the market share.
D. it is not possible to make profit in the long or short run.