English, asked by tabdeli777, 8 months ago

Difference between monopoly oligopoly and duopoly

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Answered by keyadasbiswas694

Answer:

These firms are price takers. There is a medium between monopoly and perfect competition in which only a few firms exist in a market. ... A small collection of firms who dominate a market is called an oligopoly. A duopoly is a special case of an oligopoly, in which only two firms exist.

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