An imperfectly market that has only two firms is called:
A)a duopoly
B)a split monopoly
C)a triopoly
D)a binary market

Question

Quizplus · Accepted Answer

A market with only two firms is called a duopoly. The term "duopoly" comes from the Greek "duo" for "two" and "polein" for "to sell." In a duopoly, the two firms compete against each other for market share, but they are also interdependent, meaning that each firm's actions have an impact on the other firm's profits.

An Imperfectly Market That Has Only Two Firms Is Called