A duopoly occurs when _______.
A) the one producer of two goods sells the goods in a monopoly market
B) there are numerous producers of two goods competing in a competitive market
C) there are only two producers of a particular good competing in the same market
D) there are two producers of two goods competing in an oligopoly market

Question

Quizplus · Accepted Answer

A duopoly is defined as a market structure where there are only two producers of a particular good competing in the same market.

A Duopoly Occurs When _______