The mutual interdependence that characterizes oligopoly arises because

A) the products of various firms are homogeneous.
B) the products of various firms are differentiated.
C) each firm in an oligopoly depends on its own pricing strategy and that of its rivals.
D) the demand curves of firms are kinked at the prevailing price.

Mutual Interdependence

occurs in markets where the actions of one firm affect the outcomes of other firms, often seen in oligopolistic markets where a few companies dominate.

Homogeneous

Describes products, services, or entities that are uniform in nature, lacking differentiation.

Differentiated

Describes products or services that are distinct from those of competitors in at least one aspect, as perceived by the market.