Please select the criteria that apply to firms in an Oligopoly market.

Check All That Apply

• There are few firms that control most of the marketThere are few firms that control most of the market
• There are mainly small firms with no market power.There are mainly small firms with no market power.
• Firms have little price controlFirms have little price control
• The firms compete for market share based on their mutual pricing interdependence.The firms compete for market share based on their mutual pricing interdependence.
• There are significant barriers to entry there are significant barriers to entry
• There are very few barriers to entryThere are very few barriers to entry
• Non-price competition is rare. Non-price competition is rare.
• There is significant price competition, particularly in advertising.There is significant price competition, particularly in advertising.
• Firms in this industry rarely practice product differentiation. Firms in this industry rarely practice product differentiation.
• Firms can sell either a homogenous product or a differentiated product.Firms can sell either a homogenous product or a differentiated product.