Duopoly

usgb/duˈɑːpəli/
noun

A situation where two companies or entities have control over a market or industry.

In a duopoly, both companies shape the market's direction and pricing.
Visual representation of "duopoly" - A situation where two companies or entities have control over a market or industry.

Often appears as...

  • competitive duopoly
  • pure duopoly

Usage tips

Neutral

market competition,price control,industry dominance

Definition 1 of 1
Visual representation of "duopoly"
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Market Structure

Understanding that duopoly affects market prices and choices

Illustration for Market Structure
In a duopoly, the competition influences how much consumers pay.
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Strategic Interaction

Recognizing how firms within a duopoly might react to each other's strategies

Illustration for Strategic Interaction
Firms in a duopoly often determine their pricing based on their competitor's actions.
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Market Power

Being aware of how duopolies can limit consumer options

Illustration for Market Power
Duopolies can restrict the choices available to consumers, leading to potential monopolistic behavior.
Visual representation of the word "Duopoly"

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