Economics · Market Structures

What is the simplest form of oligopoly in which there are exactly two producers?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Oligopsony
2Perfect Competition
3Duopoly✓
4Monopoly

Correct answer

Duopoly

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What is the simplest form of oligopoly in which there are exactly two producers?

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