A duopoly (from Greek δύο, duo ' two '; and πωλεῖν, polein ' to sell ') is a type of oligopoly where two firms have dominant or exclusive control over a market, and most (if not all) of the competition within that market occurs directly between them.

Jul 23, 2024 · A duopoly is a form of oligopoly, where only two companies dominate the market. The companies in a duopoly tend to compete against one another, reducing the chance of monopolistic market power.

The meaning of DUOPOLY is an oligopoly limited to two sellers. an oligopoly limited to two sellers; preponderant influence or control by two political powers… See the full definition

A duopoly is a type of oligopoly, characterized by two primary corporations operating in a market or industry, producing the same or similar goods and services. The key components of a duopoly are how the firms interact with one another and how they affect one another.

Jun 2, 2020 · A duopoly is a market structure dominated by two firms. Examples and characteristics of duopoly. Different models of duopoly and whether they will be competitive or collusive

A duopoly is a market structure wherein two firms entirely (or almost entirely) own the market for a particular commodity or service. It allows both companies to collect and share maximum revenues. Moreover, the duopoly market characteristics include the presence of two key companies generating identical or similar goods.

DUOPOLY definition: 1. a situation in which only two companies control all the business in a particular industry: 2…. Learn more.

Dec 26, 2024 · A duopoly is a market structure where two firms dominate the market. The word comes from the Greek Duo “two” and Polein, “to sell.” These two firms account for a significant share of the total market production and sales.

Feb 14, 2025 · In economic terms, a duopoly represents a market structure where two companies dominate the majority of the market share. This affects pricing, consumer choice, and innovation within industries. Understanding how duopolies function provides valuable insights into competitive strategies and market dynamics.

In this post, we'll look at the characteristics of a duopoly, its benefits and drawbacks, and how to tell the difference between a duopoly and an oligopoly. Then, we'll go through the many sorts and examples of duopolies.