The definition of oligopoly is that; it is a market characterized by a small number of firms who realize they are interdependent in their pricing and output policies.
<h3>Oligopoly</h3>
Oligopoly is simply defined as a market that is characterized by a small number of firms who realize that they are interdependent in their pricing and output policies.
Now, although the number of firms is small they still wield enough influence to give each firm some level of market power.
There are types of oligopoly such as symmetric where all the firms are of equal size or asymmetric when that is not the case.
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The largest age group is 18- to 24-year olds so answer is C.
Answer: false. Not being true to yourself and your values is a good way to lower your self-respect. It means you are being influenced by external forces that you feel little power to resist.