Which of the Following Is a Key Characteristic of an Oligopoly

Multiple Choice

Which of the following is a key characteristic of an oligopoly?

A) The firms in an oligopoly are mutually interdependent.
B) There are a small number of buyers in an oligopoly market.
C) There are a large number of firms in an oligopoly market.
D) Firms in an oligopoly market earn zero economic profit.
E) There are no entry barriers in an oligopoly market.