Suppose there are only two firms manufacturing cars in India, namely, Maruti and Hyundai. What market form is this?

Suppose there are only two firms manufacturing cars in India, namely,

1.	Suppose there are only two firms manufacturing cars in India, namely, Maruti and Hyundai. What market form is this?
Answer» lip This market form is known as duopoly market. Duopoly is a market structure in which there are only two firms producing a product.