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5 May, 01:22

uppose that in the small town, Prairie, there are only two cable providers. What type of market structure does the local cable market have? monopolistic competition perfect competition duopoly monopoly

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  1. 5 May, 01:37
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    The correct answer is letter "C": duopoly.

    Explanation:

    Duopolies are the extension of oligopolies in which two companies dominate a market. In case the two companies collude to set a price for the products or services they provide, a duopoly becomes an oligopoly. However, that practice is forbidden by U. S. antitrust laws. Airbus and Boeing represent a duopoly in the aircraft market.
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