A duopoly is a market structure with:
a. one buyer and one seller
b. two firms providing all the output.
c. only two differentiated products.
d. only a few dominant sellers and a limited number of buyers.
b
Economics
You might also like to view...
Which of the following is NOT part of the expenditure approach to measuring GDP?
A) gross private domestic investment B) net exports of goods and services C) net interest D) personal consumption expenditures
Economics
Which of the following kinds of agreements between two or more countries would be an example of a deep integration measure?
A) An agreement to reduce tariffs and quotas B) An agreement to unify customs forms in order to speed up cross-border traffic C) An agreement to impose the same limits on cartels and monopolies D) An agreement to reduce exports
Economics