Characteristics of an Oligopoly Market o Few sellers offering similar or identical products o Interdependent firms o Best off cooperating and acting like a monopolist by producing a small quantity of output and charging a price above marginal cost H arc Inc items and derived items copyright o 2001 by Harcourt, IncHarcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. Characteristics of an Oligopoly Market u Few sellers offering similar or identical products u Interdependent firms u Best off cooperating and acting like a monopolist by producing a small quantity of output and charging a price above marginal cost