A Market with Only Two Firms Is Called a

question 92

Multiple Choice

A market with only two firms is called a

• A) duopoly.
• B) two-firm monopolistic competition.
• C) two-firm monopoly.
• D) cartel.
• E) two-firm quasi monopoly.

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Definitions:

Axial

Relating to the central part of the body, which includes the head, neck, and trunk.

Intervertebral Disk

A fibrocartilaginous disc situated between adjacent vertebrae in the vertebral column, acting as a shock absorber and allowing movement.

Thoracic Region

The part of the body including the chest, between the neck and the abdomen, containing the thoracic vertebrae and ribs.

Vertebra

One of the individual bones that make up the vertebral column (spine), providing structural support and protection for the spinal cord.