An Imperfectly Market That Has Only Two Firms Is Called

question 128

Multiple Choice

An imperfectly market that has only two firms is called:

• A)a duopoly
• B)a split monopoly
• C)a triopoly
• D)a binary market

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Definitions:

Responsibility

An obligation or duty to properly act or perform tasks, showing accountability.

Creativity

Employing creativity or novel concepts in the production of new creations; the ability to innovate.

Stress

The psychological and physical response to certain situations that challenge or exceed an individual's resources or ability to cope.

Task-Oriented

Describes a focus on completing tasks and achieving specific goals, often emphasizing efficiency and productivity.