Duopoly Is a Type of Oligopoly Consisting of Three or More

question 2

True/False

Duopoly is a type of oligopoly consisting of three or more firms.

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Definitions:

Stock Market

A collection of markets where stocks (shares of ownership in businesses) are bought, sold, and issued, reflecting the economic trends and investor sentiment.

Business Activity

The various actions a business engages in as part of its operations, ranging from production to sales.

1929

The year marked by the stock market crash in October, which led to the Great Depression, a severe worldwide economic downturn.

High Inflation

Is a term describing a situation where prices for goods and services rise excessively, reducing purchasing power and potentially destabilizing the economy.