Which of the following is an important feature of oligopoly?

Monopoly power

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Price rigidity

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Interdependence

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More expenditure on advertising

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Solution

The correct option is A Price rigidity
Oligopoly is a market situation in which there are few large firms. The market is highly concentrated. They sell products which are not closely related with each other. There is also a huge competition regarding prices. Hence, price rigidity is an important feature of oligopoly.

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