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    Microeconomics Study Set 2
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    Exam 14: Oligopoly: Firms in Less Competitive Markets
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    A Market Comprised of Only Two Firms Is Called a
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A Market Comprised of Only Two Firms Is Called a

Question 35

Question 35

Multiple Choice

A market comprised of only two firms is called a


A) competitive market.
B) duopoly.
C) monopoly.
D) monopolistically competitive market.

Correct Answer:

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