Features Of Duopoly
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Each seller is fully aware of his rival's motive and actions.
Both sellers may collude (they agree on all matters regarding the sale of the commodity).
They may enter into cut-throat competition.
There is no product differentiation.
They fix the price for their product with a view to maximising their profit.
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Answer:
Characteristics of Duopoly:-
Each seller is fully aware of his rival's motive and actions.
Both sellers may collude (they agree on all matters regarding the sale of the commodity).
They may enter into cut-throat competition.
There is no product differentiation.
They fix the price for their product with a view to maximising their profit.
Explanation:
your problem's solution here.
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