A Duopoly Is a Market Structure in Which

question 81

Multiple Choice

A duopoly is a market structure in which:

• A) two consumers buy the product.
• B) two firms sell the product.
• C) one firm sells the product and one consumer buys the product.
• D) two firms sell the product and two consumers buy the product.

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Definitions:

External Noise

Distractions that originate outside the communicator that can interfere with the transmission of a message, affecting its reception and understanding.

Effective Listening

The active process of attentively receiving, interpreting, and responding to verbal and non-verbal messages.

Communication Relationship

The connection between individuals that is established and maintained through the exchange of messages and information.

Accurate Understanding

The correct comprehension or interpretation of a message or situation, reflecting an effective communication process.