A Duopoly Is an Industry That Consists Of

question 157

Multiple Choice

A duopoly is an industry that consists of:

• A)a single firm.
• B)two firms.
• C)three or more firms.
• D)a large number of small firms.

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Definitions:

Indirect Voting

A voting process where citizens elect representatives who then vote on behalf of them in the selection of government officials or policy decisions.

Electoral College

A body of electors established by the United States Constitution, which formally selects the President and Vice President based on the popular vote in each state.

Open Primary

A primary election in which voters are not required to declare party affiliation and can choose to participate in any party's primary.

Closed Primary

A type of primary election where only registered party members can vote for their party's candidates.