Meaning Of The Word Duopoly

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Duopoly Meaning

Duopoly Definition
Duopoly Definition

What's The Definition Of Duopoly?

duopoly
variable noun: If two companies or people have a duopoly on something such as an industry, they share complete control over it and it is impossible for others to become involved in it.

duopoly in American English
control of a commodity or service in a given market by only two producers or suppliers
noun: the market condition that exists when there are only two sellers

duopoly in British English
noun: a situation in which control of a commodity or service in a particular market is vested in just two producers or suppliers

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