Examlex
Identify and state the historical significance of the Hudson's Bay Company.
Duopoly
An oligopoly where only two firms dominate the market or industry, often resulting in competitive or strategic behavior.
Oligopoly
A market structure characterized by a small number of firms whose control over the market is significant enough to influence prices and other market factors.
Cournot Duopoly
A market structure where two firms compete with each other by choosing quantities to produce independently.
Perfect Competition
A market structure characterized by many buyers and sellers, identical products, no barriers to entry or exit, and perfect information.
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