A Duopoly Occurs When

question 85

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.
• E)a competitive market produces two goods.

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Definitions:

Nucleotides

Nucleotides are biological molecules that serve as the monomers of nucleic acids like DNA and RNA; they consist of a nitrogenous base, a five-carbon sugar (ribose or deoxyribose), and one or more phosphate groups.

Linkage

Refers to the connection between atoms or the arrangement of atoms within molecules; it can also pertain to the genetic association between alleles at different loci.

DNA

Deoxyribonucleic acid, a molecule containing the genetic instructions used in the development and functioning of all known living organisms and many viruses.

Expected Product

The chemical compound that is anticipated to be formed in a chemical reaction based on the reactants and conditions.