Use app×
QUIZARD
QUIZARD
JEE MAIN 2026 Crash Course
NEET 2026 Crash Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
460 views
in Economics by (74.4k points)
Define the term Oligopoly and duopoly.

1 Answer

+1 vote
by (69.6k points)
selected by
 
Best answer

Oligopoly is a form of the market in which there is a large number of buyers, but only a few big sellers of a commodity. 

Duopoly is a form of market in which there are two sellers of a commodity with many buyers.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...