Asked by
Bianca Carabio
on Nov 05, 2024Verified
Oligopolistic industries are characterized by a few dominant firms.
Dominant Firms
Companies that have a major share of the market sales or exert significant influence in their industry.
- Comprehend the essential traits of oligopolies, such as market concentration and strategic conduct.
Verified Answer
NB
Learning Objectives
- Comprehend the essential traits of oligopolies, such as market concentration and strategic conduct.