Question

difference between duopoly and Monopoly market​

Answer 1

Answer:

Monopolization: an attempt by a firm to dominate a market or become a monopoly. ... A Duopoly is the most basic form of oligopoly, which is a market dominated by a small number of companies. • A Duopoly can have the same impact on the market as a Monopoly if the two players collude on prices or output.

Explanation:

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Answer 2

Answer:

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Monopolization: an attempt by a firm to dominate a market or become a monopoly. ... A Duopoly is the most basic form of oligopoly, which is a market dominated by a small number of companies. • A Duopoly can have the same impact on the market as a Monopoly if the two players collude on prices or output...

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