Question

1. what is the primary characteristic of oligopolistic markets?

mutual interdependence among firms
unlimited entry
perfect information
price taking behavior

Explanation:

In oligopolistic markets, a small number of firms dominate. Their actions and decisions (like pricing, output - level) affect each other, leading to mutual interdependence. Unlimited entry is a feature of perfect competition. Perfect information is also more characteristic of perfect competition. Price - taking behavior is typical for firms in perfectly competitive markets.

Answer:

Mutual interdependence among firms