Classify the statements under the head features of oligopoly market.

1.	Classify the statements under the head features of oligopoly market.
Answer» 1. Large no. of buyers and sellers 2. Firm is a price maker 3. Few number of sellers 4. Products may be homogneous or differentiated. 5. There is no interdependence between firms 6. There are no barries to entry 7. Firm is price taker 8. Interdependence between firms 9. Entry restricted 10. Price rigidity prevails oil The features of oligopoly market are given below: 1. Few number of sellers 2. Product may be homogneous or differentiated 3. There are no barriers to entry 4. Interdependence between firms 5. Price rigidity prevails.

Answer»

1. Large no. of buyers and sellers

2. Firm is a price maker

3. Few number of sellers

4. Products may be homogneous or differentiated.

5. There is no interdependence between firms

6. There are no barries to entry

7. Firm is price taker

8. Interdependence between firms

9. Entry restricted

10. Price rigidity prevails oil

The features of oligopoly market are given below:

1. Few number of sellers

2. Product may be homogneous or differentiated

3. There are no barriers to entry

4. Interdependence between firms

5. Price rigidity prevails.

Discussion