Because an Oligopoly Is Characterized by

Multiple Choice

Because an oligopoly is characterized by

A) few large sellers, each seller has some influence over the market price.
B) a single seller of a product that has few suitable substitutes, the seller is a price maker.
C) many small sellers, each firm must differentiate its product.
D) a few sellers selling a differentiated product, each seller makes its price and output decisions independently.