A Market Comprised of Only Two Firms Is Called a

question 35

Multiple Choice

A market comprised of only two firms is called a

• A)competitive market.
• B)duopoly.
• C)monopoly.
• D)monopolistically competitive market.

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Definitions:

Topical Corticosteroids

Anti-inflammatory medications applied to the skin to treat a variety of conditions, including eczema and psoriasis.

Wood Lamp

A diagnostic tool that uses ultraviolet light to examine the skin for bacterial or fungal infections and other skin conditions.

Tinea Capitis

A fungal infection of the scalp, commonly known as ringworm, which typically results in scaly patches, itching, and hair loss.

Fungus

A kingdom of organisms that includes yeast, molds, and mushrooms; they absorb nutrients from organic matter.