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Nonamiya [84]
2 years ago
5

The mutual interdependence that characterizes oligopoly arises because.

Biology
1 answer:
densk [106]2 years ago
4 0

We can confirm that the mutual interdependence that characterizes oligopoly arises because the output for a given market is being generated by a small group of companies.

<h3 /><h3>What is oligopoly?</h3>

Oligopoly is when the market for a given product is controlled by only a few of the companies that create said product. This situation can have benefits as well as drawbacks. A benefit would be increased product variation, providing more choices for consumers, while a drawback would be a lack of competition to keep prices low.

Therefore, we can confirm that the mutual interdependence that characterizes oligopoly arises because the output for a given market is being generated by a small group of companies.

To learn more about oligopoly visit:

brainly.com/question/1622043?referrer=searchResults

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