duopoly

About 0.16 uses per million words.

Meaning

1. noun An economic condition in which two sellers exert most control over the market of a commodity.

   Modern examples of duopoly include the American markets for credit cards (Visa and MasterCard), smartphones (Apple and Google), soft drinks (Coca-Cola and Pepsi), and airplanes (Airbus and Boeing).

2. noun The domination of a field of endeavour by two entities or people.

   First past the post voting has long maintained American politics as an effective duopoly where power simply alternates between two main parties.

3. noun The domination of a field of endeavour by two entities or people.

   First past the post voting has long maintained American politics as an effective duopoly where power simply alternates between two main parties.

4. noun A situation in which two or more radio or television stations in the same city or community share common ownership.

Similar words

duopsony oligopoly oligopsony monopoly monopsony polyopsony competitive market dual economy seller's market bargaining power

Often followed by

model and in with of game is or market

Word family

duopolies duopolistic