GENERAL KNOWLEDGE

Detailed explanation-1: -A duopoly is a situation where two companies together own all, or nearly all, of the market for a given product or service. A duopoly is the most basic form of oligopoly, a market dominated by a small number of companies.

Detailed explanation-2: -A duopoly is a market structure wherein two firms entirely (or almost entirely) own the market for a particular commodity or service. It allows both companies to collect and share maximum revenues.

Detailed explanation-3: -A duopoly market is where there are two sellers and a large number of buyers are known as. An oligopoly market is where there are few sellers and a large number of buyers. A bilateral monopoly is where there are a single buyer and one seller in the market.

Detailed explanation-4: -The Cournot Duopoly. Antoine Cournot was a French mathematician and philosopher. The Bertrand Duopoly. 22-Dec-2022