Choose the correct statement about Duopoly from the following statements.

CA Foundation · Business Economics · PYQS · May 2026
Choose the correct statement about Duopoly from the following statements.
(A) A. It is a special case for the Oligopoly market structure
(B) B. It is a special case for the Monopsony market structure
(C) C. It is a special case for the Monopoly market structure
(D) D. It is a special case for the Imperfect Competition

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. It is a special case for the Oligopoly market structure

Topics: Price Determination in Different Markets

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