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Characteristics of oligopoly An oligopolistic market structure is distinguished by several characteristics, one of which is either similar or identical products. Which of the following are other characteristics of this market structure? Check all that apply.

Market control by many small firms
Difficult entry
Mutual interdependence
Mutual dependence
Market control by a few large firms

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Lanuel

Answer:

1. Market control by many small firms.

2. Difficult entry.

3. Mutual interdependence.

Explanation:

An oligopolistic market structure is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.

The characteristics of an oligopolistic market structure are;

1. Market control by many small firms.

2. Difficult entry.

3. Mutual interdependence.

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