Oligopoly: A market structure dominated by a few large firms whose decisions are interdependent.
How to apply it: Analyze oligopoly using game theory, recognizing that each firm strategic choice depends on the expected actions of rivals.
Course: AP Microeconomics · Unit: Imperfect Competition
Practice questions about Oligopoly on AimFive — get rubric-based feedback showing exactly which points you earned.
AP and Advanced Placement are trademarks of College Board. AimFive is not affiliated with or endorsed by College Board.