Answer to Question #82639 in Microeconomics for Richard

Question #82639

If two firms dominate an industry the market is known as:
Select one:
a. Monopolistic competition
b. Competitively monopolistic
c. Duopoly
d. Oligopoly
e. Monopoly

Expert's answer

If two firms dominate an industry that situation of the market known as Duopoly.

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