A Duopoly Occurs When

question 256

Multiple Choice

A duopoly occurs when

• A) there are only two producers of a particular good competing in the same market.
• B) there are two producers of two goods competing in an oligopoly market.
• C) there are numerous producers of two goods competing in a competitive market.
• D) the one producer of two goods sells the goods in a monopoly market.

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Definitions:

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