Economy, asked by Rajendragadhwal2529, 1 year ago

Differentiate between monopoly and duopoly.

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Answered by farhankhan121
1

Answer:

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. ... A duopoly, quite simply, is a situation where there are just two sellers in a market.

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