An Oligopoly Between Two Firms Is Called

question 121

Multiple Choice

An oligopoly between two firms is called

• A)a biopoly.
• B)an oligopoly; there are no special terms used for oligopolies with different numbers of firms.
• C)a dual-firm oligopoly.
• D)a duopoly.

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Definitions:

Competitive Parity Method

A marketing budgeting strategy where a company's promotional spending is set to match competitors' outlays, aiming to prevent market share loss.

Competitive Social Media Analysis

The process of assessing the social media presence and strategies of competitors to identify strengths, weaknesses, opportunities, and threats.

Social Media Marketing Maturity

The extent to which an organization has developed and implemented advanced strategies and practices in social media marketing.

Trial Phase

A stage in product development or research where prototypes or processes are tested under controlled conditions.