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Suppose that there are only two firms in the automobile industry in a particular country. Which term describes the country's automobile market? Group of answer choices
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Suppose that there are only two firms in the automobile industry in a particular country. Which term describes the country's automobile market? Group of answer choices

User Alexsalo
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1 Answer

4 votes

Answer:

B duopoly

Step-by-step explanation:

The duopoly is the market in which there are two sellers but there are many number of buyers also it is a form of oligopoly market

So as per the given situation there is two firms in the automobile industry for a particular country so this represent the duopoly

Hence, the option b is correct

ANd the rest of the options are wrong

User Jameson
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