--%>
Assignment Help - homework help

Duopoly for two sellers

What is that market termed in which there are just two sellers (or firms)?

Answer: Duopoly terms to a market condition in which there are only two sellers.

   Related Questions in Microeconomics

  • Q : Infinity elasticity of demand within

    When price changes for fresh peaches don’t modify total revenue to peach farmers, then the price elasticity of demand for peaches: (w) constant beside a linear demand curve. (x) infinity (the demand curve is horizontal). (y) uni

    		•
  • Q : Market in terms of economists To

    To economists, the noun ‘market’ signifies to: (1) The geographic place where many products are sold. (2) Any institution which enables sellers and buyers to strike bargains. (3) The New York Stock Exchange. (4) Selling goods and resources or stocks and bo

    		•
  • Q : Determine price elasticity of demand

    The price elasticity of demand for DVD games among prices of $10 and $20 is approximately: (w) 3/2. (x) 3/7. (y) 1. (z) 16.333.

    Q : Negative price cross elasticities of

    When two goods have negative price cross elasticities of demand, in that case the goods are: (1) inferior goods. (2) luxury goods. (3) complementary goods: (4) substitute goods. (5) normal goods. Hey friends please

    		•
  • Q : Price discrimination in markets Price

    Price discrimination is probably in markets: (w) for medical services. (x) for wheat sold by farmers. (y) for bread sold by grocers. (z) where all consumers have identical demand curves. Can anybody suggest me the

    		•
  • Q : Constant price elasticities in

    Perfectly inelastic demand curves include constant price elasticities equivalent to zero as well as: (i) cannot exist within the real world across the full range of possible prices. (ii) happen more often than any other type. (iii) are horizontal line

    		•
  • Q : Ex-ante investment Ex-ante investment :

    Ex-ante investment: This is planned or desired investment throughout a specific period.

    		•
  • Q : Minimum Wage Laws-Group least likely to

    Can someone help me in finding out the right answer from the given options. The group which is least likely to be helped by the minimum wage law is: (1) African-American teenagers. (2) Skilled industrial workers. (3) Members of the unions. (4) Experienced construction

    		•
  • Q : Negative income tax in welfare system

    Relation to the current U.S. welfare system, a suitable negative income tax plan would: (1) be much more difficult and more expensive to administer. (2) reduce some of the current disincentives for work. (3) result in a substantial de

    		•
  • Q : Interdependent decision of oligopolies

    Interdependent decision making through firms is most common within: (w) purely competitive industries. (x) monopolized industries. (y) oligopolies. (z) monopolistic competition. Please choose the right answer from

    		•