Which reasons classify the market structure of petrol industry in Uganda?

Which reasons classify the market structure of petrol industry in Uganda?

The market structure of Petrol industry in Uganda is oligopoly because

  • There are few unequal competing firms in the market
  • There is high degree of competitive/persuasive advertising
  • The products are highly differentiated e.g. Totalenergies, Shell.
  • There is interdependence of firms
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