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28 June, 11:31

A market comprised of only two firms is called a

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  1. 28 June, 11:49
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    Answer: The correct answer is a duopoly.

    Explanation: A duopoly is a type of market system where two firms have dominant or exclusive control over the market. An example of a duopoly in the current market place would be in the personal computer market. There are two primary firms, Microsoft and Apple.
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