Which of the following is a unique characteristic of the oligopolistic market structure?
Which of the following is a unique characteristic of the oligopolistic market structure? … the only seller of a good for which there are no good substitutes in a market with high barriers to entry.
What are the 3 most important characteristics of an oligopoly?
The three most important characteristics of oligopoly are: (1) an industry dominated by a small number of large firms, (2) firms sell either identical or differentiated products, and (3) the industry has significant barriers to entry.
What is the key feature of an oligopolistic market?
Oligopoly is a structure of the market that contains a small number of companies that can not prevent the rest from having an important impact.
What are the 4 characteristics of oligopoly?
Four characteristics of an oligopoly industry are:
- Few sellers. There are just several sellers who control all or most of the sales in the industry.
- Barriers to entry. It is difficult to enter an oligopoly industry and compete as a small start-up company. …
- Interdependence. …
- Prevalent advertising.
Which of the following is a characteristic of an oligopolistic market structure quizlet?
Which of the following is a characteristic of an oligopolistic market structure? There are few dominant sellers. You just studied 15 terms!