A Duopoly Is

question 64

Multiple Choice

A duopoly is

• A)a cartel in which all members try to cheat on the cartel.
• B)an industry with only two sellers.
• C)an industry with only two buyers.
• D)a cartel with only two members.

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Definitions:

Cryptomnesia

A memory bias where a person mistakenly believes their ideas are novel when they are actually sourced from forgotten memories.

Retroactive Interference

A scenario where the understanding of new information obstructs the retrieval of earlier learned knowledge.

Eyewitness Confidence

The level of assurance an individual has about their observations or recollections concerning an event or identity.

Eyewitness Accuracy

The reliability with which witnesses recall the details of events they've witnessed, often questioned due to various factors affecting memory.