A duopoly is
A) a two-firm oligopoly.
B) a two-firm monopoly.
C) an identical pair of perfectly competitive industries.
D) An illegal, price-fixing cartel.

Name: A duopoly is A) a two-firm oligopoly. B) a two-firm monopoly. C) an identical pair of perfectly competitive industries. D) An illegal, price-fixing cartel.
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Question

Quizplus · Accepted Answer

A duopoly is a market structure where two companies have dominant control over an industry, making it a specific type of oligopoly.

A Duopoly Is