What is the concept of interdependence in oligopoly?
1) Interdependence refers to the mutual influence and reliance among firms in an oligopoly market.
2) Interdependence refers to the independence of firms in an oligopoly market.
3) Interdependence refers to the absence of competition among firms in an oligopoly market.
4) Interdependence refers to the presence of a single dominant firm in an oligopoly market.