Meaning of Oligopoly Market: The term oligopoly is deriving from two Greek word Oligo and poly which means few and sells. Under oligopoly we come across a few producers specializing in the production of identical
Meaning of Duopoly: Duopoly is that market situation where there are only two firms operating in the market. Since there are only two firms producing identical goods under duopoly any change in price or output
Meaning of monopoly: The word monopoly is made up of two words-mono means single and poly means to sell. Thus monopoly means presence of a only one seller in the market. Monopoly is that type
