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The key feature of oligopolistic competition is:

a) Emphasis on price competitionb) Emphasis on product differentiationc) Interdependence of suppliersd) Complete absence of competition

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Question added by Vinod Jetley , Assistant General Manager , State Bank of India
Date Posted: 2015/02/27
Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

c) Interdependence of suppliers

karokora emmanuel
by karokora emmanuel , Senior Sales Associate and couch buddy , Landmark group

Interdependence from other firms is the main feature since the rest of the features rotate around this one.

Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

c) Interdependence of suppliers<<<<<<<<<>>>>>>>>

Abdul Samad
by Abdul Samad , Site Engineer , Talal Engineering Consultants

Yes, the correct answer is CCCCCCCCCCCCCCCC

Alex Al Yazouri
by Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

I agree with Mr. Jetley

c) >>>>>>>>Interdependence of suppliers

Eijaz Ibrahim Pardhan
by Eijaz Ibrahim Pardhan , Senior SEO Executive , JBS

If they are selling identical products then they are dependent on the suppliers i.e. the option 'C' but if their products are different then option 'B' is better.

I think it's ----------C

Thanks

Wasi Rahman Sheikh
by Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG

Correct answer option C) <<<<<<<<<<<<<<<<<<<<<<<<<<<

Elke Woofter
by Elke Woofter , Project Assistant , American Technical Associates

I go with Mr. Vinod Jetley's answer C ...

Nasir Hussain
by Nasir Hussain , Sales And Marketing Manager , Pakistan Pharmaceutical Products Pvt. Ltd.

The correct answer is 

c) Interdependence of suppliers

The three most important characteristics of oligopoly are:

 

(1) an industry dominated by a small number of large firms,

 

(2) firms sell either identical or differentiated products,

 

(3) the industry has significant barriers to entry.

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