Answer:
Oligopoly is a market in which a small number of interdependent firms compete.
Step-by-step explanation:
In an oligopoly, a small number of firms dominate a market and depend on each other as they make decisions.
Before a firm makes decisions in an oligopoly, it has to consider the actions of other competing firms and possible reactions to its decision.
Firms may also choose to compete against rivals or to work together, depending on the intended goal.