Duopoly Exists When Two Entities Are the Sole Entrants in the Market

question 9

True/False

Duopoly exists when two entities are the sole entrants in the market.

---

Definitions:

Customer Segmentation

The process of dividing a customer base into distinct groups based on common characteristics, to target marketing efforts more effectively.

TAM

Total Addressable Market, which refers to the overall revenue opportunity available or total demand for a product or service within a market.

Major U.S. City

Any large and significant urban center in the United States typically characterized by a substantial population, economic activity, and cultural influence.

Reasonable Travel

Travel that is affordable and planned with budget constraints in mind, focusing on value for money.