Duopoly
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.
Often appears as...
- competitive duopoly
- pure duopoly
Usage tips
Neutral
market competition,price control,industry dominance
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.
Often appears as...
- competitive duopoly
- pure duopoly
Usage tips
Neutral
market competition,price control,industry dominance
Definition 1 of 1
Pro Tip 1/3Market Structure
Understanding that duopoly affects market prices and choices
In a duopoly, the competition influences how much consumers pay.
Pro Tip 2/3Strategic Interaction
Recognizing how firms within a duopoly might react to each other's strategies
Firms in a duopoly often determine their pricing based on their competitor's actions.
Pro Tip 3/3Market Power
Being aware of how duopolies can limit consumer options
Duopolies can restrict the choices available to consumers, leading to potential monopolistic behavior.
Pro Tip 1/3Market Structure
Understanding that duopoly affects market prices and choices
In a duopoly, the competition influences how much consumers pay.
Pro Tip 2/3Strategic Interaction
Recognizing how firms within a duopoly might react to each other's strategies
Firms in a duopoly often determine their pricing based on their competitor's actions.
Pro Tip 3/3Market Power
Being aware of how duopolies can limit consumer options
Duopolies can restrict the choices available to consumers, leading to potential monopolistic behavior.
Pro Tip 1/3Market Structure
Understanding that duopoly affects market prices and choices
In a duopoly, the competition influences how much consumers pay.
Pro Tip 2/3Strategic Interaction
Recognizing how firms within a duopoly might react to each other's strategies
Firms in a duopoly often determine their pricing based on their competitor's actions.
Pro Tip 3/3Market Power
Being aware of how duopolies can limit consumer options
Duopolies can restrict the choices available to consumers, leading to potential monopolistic behavior.
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