An industry with a few interdependent firms is BEST described as being:

A) in perfect competition.
B) in monopolistic competition.
C) an oligopoly.
D) a monopoly.

Interdependent Firms

Companies whose operations and outcomes are mutually influenced, typically seen in competitive markets where the actions of one firm affect the sales and strategies of others.

Oligopoly

An industry with only a small number of producers.

Perfect Competition

A market structure characterized by a large number of small firms, homogeneous products, and no barriers to entry or exit, leading to optimal distribution of resources.