McqMate
| Q. |
A market in which there are a few number of large firms is called as |
| A. | Duopoly |
| B. | Competition |
| C. | Oligopoly |
| D. | Monopoly |
| Answer» C. Oligopoly | |
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Explanation: Duopoly means a market in which two producers of the same good are predominantly powerful. In some theries, the term is used specifically to denote the existence of only two suppliers of a good. |
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