One of the characteristics of oligopoly is the availability of
Answer Details
One of the characteristics of oligopoly is the availability of few sellers.
Oligopoly is a market structure in which a small number of large firms dominate the market and there is limited competition. In an oligopolistic market, there are only a few dominant firms, and they have a significant degree of control over the market and prices.
The availability of few sellers in an oligopolistic market is one of its defining characteristics. This limited number of firms gives them significant market power, allowing them to influence prices and limit competition. This can result in higher prices for consumers and reduced incentives for innovation and efficiency.
In simple terms, oligopoly is a market with only a few dominant firms and limited competition. The availability of few sellers is one of the key characteristics of this market structure.