A Duopoly Is

question 58

Multiple Choice

A duopoly is

• A)a market where three dominant firms collude to decide the profit-maximizing price.
• B)a market where two firms compete for profit and market share.
• C)the same as a monopoly.
• D)not an oligopoly.
• E)a market with two distinct products.

Identify the fundamental processes and activities in acquiring goods and services.

Understand the concept of auction types based on the number of buyers and sellers.

Grasp the concept of viral marketing and its significance in digital marketing strategies.

Knowledge of ethical and legal issues in e-business and how to address them.

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Definitions:

Partial Reinforcement

A conditioning schedule in which a reward is not administered every time the desired response is performed, leading to more resistant learned behavior.

Primary Reinforcement

A stimulus that satisfies basic survival needs and is inherently rewarding, such as food, water, or warmth, used in behavioral conditioning.

Negative Reinforcer

A stimulus whose removal or avoidance following a behavior increases the likelihood of that behavior occurring again in the future.

Conditioned Stimulus

A formerly neutral signal that, once it is linked with an unconditioned stimulus, ultimately evokes a conditioned response.