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  • A market dominated by two suppliers controlling pricing, ...
Multiple choice

A market dominated by two suppliers controlling pricing, supply, services, etc. is called

  1. monopsony

  2. oligopoly

  3. duopoly

  4. monopoly

  5. oligopsony

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A duopoly is a form of oligopoly occurring when two companies control all or most of the market for a product or service.

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