An Industry with Only Two Firms Is Generally Called

question 268

Multiple Choice

An industry with only two firms is generally called:

• A)a monopoly.
• B)monopolistic competition.
• C)a duopoly.
• D)perfect competition.

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Definitions:

Months

Units of time, typically consisting of 30 or 31 days, used to measure periods within a year.

Solid Food

Food items that are not liquid or fluid, typically introduced to infants around 6 months of age to complement breastfeeding.

Months

Units of time based on the Earth's orbit around the Sun, typically used to measure periods within a year and consisting of 28 to 31 days.

Paid Maternity Leave

A company or government policy that allows women employees to take time off work with pay following the birth of their child.