Identify the wrong statement about the features of Duopoly.
A. There is product differentiation
B. They fix the price for their product to maximise their profit
C. Each seller is fully aware of his rival’s motive and actions
D. Both sellers may collude regarding the sale of commodity.
Answer:A
Identify the wrong statement about the features of Duopoly.
A. There is product differentiation B. They fix the price for their product to maximise their profit C. Each seller is fully aware of his rival’s motive and actions D. Both sellers may collude regarding the sale of commodity.