A Duopoly Occurs When

question 85

Multiple Choice

A duopoly occurs when

• A)there are only two producers of a particular good competing in the same market.
• B)there are two producers of two goods competing in an oligopoly market.
• C)there are numerous producers of two goods competing in a competitive market.
• D)the one producer of two goods sells the goods in a monopoly market.
• E)a competitive market produces two goods.

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Definitions:

Biological Model

An approach to psychology focusing on biological contributors to certain traits and behaviors, emphasizing genetic, neurochemical, and anatomical bases.

Genetic Predisposition

The increased likelihood of developing a particular disease or trait based on a person's genetic makeup.

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A chronic disease characterized by compulsive drug seeking and use, despite harmful consequences, and changes in the brain, which can be long-lasting.

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Injury to the brain of a fetus, which can occur due to various factors such as oxygen deprivation, infection, or exposure to toxic substances.