uppose that in the small town, Prairie, there are only two cable providers. What type of market structure does the local cable m

Question

noname [10]

4 years ago

11

uppose that in the small town, Prairie, there are only two cable providers. What type of market structure does the local cable m

arket have? monopolistic competition perfect competition duopoly monopoly

Business

1 answer:

Lerok [7] · Answer 1 · 2022-02-17T07:28:31+03:00

Answer:

The correct answer is letter "C": duopoly.

Explanation:

Duopolies are the extension of oligopolies in which two companies dominate a market. In case the two companies collude to set a price for the products or services they provide, a duopoly becomes an oligopoly. However, that practice is forbidden by U.S. antitrust laws. Airbus and Boeing represent a duopoly in the aircraft market.