Social Sciences, asked by meltingheart, 4 months ago

what. is duopoly ??


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Answers

Answered by amatulla1903
2

Explanation:a situation in which two suppliers dominate the market for a commodity or service.

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Answered by confusedgenius1000
3

Answer:

A duopoly is a type of oligopoly where two firms have dominant or exclusive control over a market. It is the most commonly studied form of oligopoly due to its simplicity. Duopolies sell to consumers in a competitive market where the choice of an individual consumer can not affect the firm.

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