Question

Discuss between oligopoly and duopoly?​

Answer 1

Answer:

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.

Answer 2

${\bigstar}$ANSWER${\bigstar}$

A duopoly is a type of oligopoly. In an oligopoly, no single firm has a large amount of market power. Thus, no single firm is able to raise its prices above the price that, characterized by two primary corporations operating in a market or industry, producing the same or similar goods and services.

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