Differentiate between monopoly and duopoly.
Answers
Answered by
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.
Explanation:
hope it helps you
pls mark me as the brainlist
Similar questions