Question

multiple choice question
which of the following is not a characteristic of oligopoly?
firms have no control over their price.
firms may sell a differentiated product.
firms may sell a homogeneous product.
the market contains a few large producers.
firms advertising decisions are interdependent.

Explanation:

In an oligopoly, firms have significant control over price as there are only a few large producers. They can sell either homogeneous or differentiated products and their advertising and other decisions are interdependent.

Answer:

Firms have no control over their price.