A duopoly (two-firm industry)is an example of ________.

Name: A duopoly (two-firm industry)is an example of ________.
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A duopoly is a type of oligopoly, which is a market structure where a few large firms dominate the market. In a duopoly, there are only two firms that control the market for a particular product or service, which gives them considerable control over prices and output. Therefore, it is an example of an oligopoly, not perfect competition, monopolistic competition, or monopoly.

A Duopoly (Two-Firm Industry)is an Example of ________