GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How many sellers are present in duopoly?
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1
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2
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3
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No limit
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Explanation:
Detailed explanation-1: -A duopoly is a form of oligopoly, where only two companies dominate the market.
Detailed explanation-2: -A duopoly is a type of oligopoly, characterized by two primary corporations operating in a market or industry, producing the same or similar goods and services. The key components of a duopoly are how the firms interact with one another and how they affect one another.
Detailed explanation-3: -The special case of oligopoly where there are exactly two sellers is called duopoly. Q. Q. A place where buyers and sellers meet to exchange their goods and services is called a .
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