Question : The most distinguishing feature of oligopoly is
Option 1: Number of firm .
Option 2: Interdependence .
Option 3: Negligible influence on price .
Option 4: Price leadership .
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Correct Answer: Number of firm .
Solution : The correct optin is number of firm.
The most distinguishing feature of oligopoly is that it is characterized by a small number of large firms or businesses dominating the market. Oligopoly stands out due to the concentration of market power among a limited number of competitors.
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