What is the name given to a market in which a home monopoly firm and a foreign monopoly firm are producing very similar products (such as wide-body airplanes)?
A) duopoly
B) dual monopoly
C) dual monopolistic competitive industry
D) duopolistic competitive industry

Question

Quizplus · Accepted Answer

A duopoly is a market structure where two firms dominate the market, which is the case when a home monopoly firm and a foreign monopoly firm produce very similar products.

What Is the Name Given to a Market in Which