An Oligopoly Between Two Firms Is Called

question 121

Multiple Choice

An oligopoly between two firms is called

• A)a biopoly.
• B)an oligopoly; there are no special terms used for oligopolies with different numbers of firms.
• C)a dual-firm oligopoly.
• D)a duopoly.

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Definitions:

Proposition

An announcement or avowal that presents an evaluation or sentiment.

Hypothesis

A supposition or proposed explanation made on the foundation of limited information, aimed at further examination.

Explanation

An explanation or report that clarifies by providing more detailed description or uncovering pertinent facts or concepts.

Peanut Butter

A food paste or spread made from ground dry roasted peanuts.