A market with only two firms is called a
A) duopoly.
B) two-firm monopolistic competition.
C) two-firm monopoly.
D) cartel.
E) two-firm quasi monopoly.

Name: A market with only two firms is called a A) duopoly. B) two-firm monopolistic competition. C) two-firm monopoly. D) cartel. E) two-firm quasi monopoly.
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Question

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A market with only two firms is called a duopoly.

A Market with Only Two Firms Is Called a