When a Market Is Dominated by Only Two or a Few

question 88

True/False

When a market is dominated by only two or a few large firms, the industry is said to be a duopoly or oligopoly.

---

Definitions:

Diplomatic Leader

A person who demonstrates skill in managing negotiations and relationships between nations with tact, sensitivity, and acumen.

Franklin Roosevelt

The 32nd President of the United States, serving from 1933 to 1945, known for his leadership during the Great Depression and World War II, and for establishing the New Deal to address economic hardship.

New Deal Era

The period in United States history during the 1930s when President Franklin D. Roosevelt implemented the New Deal programs to counteract the effects of the Great Depression.

Native Americans

Native Americans are the indigenous peoples of the United States, including various tribes and nations that occupied the land prior to European colonization.