Question: what are the 5 characteristics of an oligopoly?
Answer: Interdependence: The foremost characteristic of oligopoly is interdependence of the various firms in the decision making. ...  Advertising: ...  Group Behaviour: ...  Competition: ...  Barriers to Entry of Firms: ...  Lack of Uniformity: ...  Existence of Price Rigidity: ...  No Unique Pattern of Pricing Behaviour: