A market with two sellers is called a
A) Monopoly
B) Perfectly competitive market
C) Duopoly
D) Triopoly

Name: A market with two sellers is called a A) Monopoly B) Perfectly competitive market C) Duopoly D) Triopoly
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Question

Quizplus · Accepted Answer

A market with two sellers is called a duopoly. A monopoly is a market with only one seller, while perfect competition involves many small sellers with no single seller dominating the market. Triopoly, while a term used occasionally, is not a common market structure classification.

A Market with Two Sellers Is Called a