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

Question

Quizplus · Accepted Answer

A duopoly is a market structure where only two producers exist in the market for a particular good or service, competing against each other.

A Duopoly Occurs When