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Duopolists
Firms or entities that are two in number in a market, dominating the market and setting prices either collaboratively or competitively.
Monopolist
An entity that is the sole provider of a particular product or service, controlling the entire market.
Monopoly Price
The price a company with a monopoly can charge, which is higher than in competitive markets due to the lack of competition.
Monopoly Quantity
The output level produced and sold by a monopoly at the price where marginal cost equals marginal revenue.
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