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प्रश्न
Which statement about duopoly and oligopoly is correct?
पर्याय
Duopoly is the same as perfect competition
Duopoly is a special case of oligopoly
Oligopoly is a special case of duopoly
A duopoly always has more than two firms
MCQ
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उत्तर
Duopoly is a special case of oligopoly
Explanation:
Oligopoly means “a few firms”, and duopoly is a special type with exactly two firms.
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