General purpose of this lecture is to present on Duopoly Models. Duopoly is a specific type of oligopoly where only two producers exist in one market. In reality, this definition is generally used where only two firms have dominant control over a market. Classical and modern economists have developed a variety of models based on different behavior assumptions. In the field of industrial organization, it is the most commonly studied form of oligopoly due to its simplicity.
More Post
Latest Post
-
Sulfur and Life’s Origin
-
Cathodic Protection – a technique for controlling corrosion
-
Electromagnetism – a discipline of physics
-
Astronomers Measure the Heaviest Black Hole Pair ever Discovered
-
Even Passive Smokers are Extensively Colonized by Microbes
-
Webb discovers Proof that a Neutron Star powers the Young Supernova Remnant