The key feature of oligopoly is ____________.

excess capacity

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product differentiation

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interdependence of firms

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the impersonal nature of the market

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Solution

The correct option is C interdependence of firms
Oligopolistic competition is a situation where few firms dominate in the market and is highly concentrated. The theory of group behaviour states that there are group of few firms and each group has a leader. Hence, the key feature of oligopoly is interdependence of firms.

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