Nancy Dutta India 1k Questions 2k Answers 18 Best Answers 4k Points View Profile 0 Nancy Dutta Asked: May 7, 20202020-05-07T00:37:23+05:30 2020-05-07T00:37:23+05:30In: Education What are the features of oligopoly? 0 What are the features of oligopoly? basic questions Share Facebook 2 Answers Voted Oldest Recent Newton D India 361 Questions 225 Answers 1 Best Answer 1k Points View Profile Newton Dutta Added an answer on May 7, 2020 at 12:28 pm Buyers have only imperfect knowledge as to price, cost and product quality. The distinctive feature of an oligopoly is interdependence. Oligopolies are typically composed of a few large firms. Each firm is so large that its actions affect market conditions. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp manish1008 Bahadurgarh, India 1k Questions 1k Answers 0 Best Answers 4k Points View Profile manish1008 Added an answer on May 7, 2020 at 6:08 am Under the Oligopoly market, the sellers are few, and the customers are many. Few firms dominating the market enjoys a considerable control over the price of the product. … Hence, there is a complete interdependence among the sellers with respect to their price-output policies. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerLeave an answerCancel reply Featured image Select file Browse Save my name, email, and website in this browser for the next time I comment.