duopoly
/djuːˈɒpəli
/noun (plural duopolies)
A situation in which two suppliers dominate the market for a commodity or service.Now, most markets are cozy duopolies, at best, where consumers can get broadband only from a phone or cable company....
- However, many companies will build on top of the older technologies, and many incumbent monopolies or duopolies have introduced cell services or have seamless links between the mobile and fixed systems.
- Nevertheless, particularly in the case of a duopoly, a large market share is, in the absence of evidence to the contrary, likewise a strong indication of the existence of a dominant position.
Derivatives
duopolistic
- While it is in a duopolistic domestic railroad market, its market power was severely constrained by cross-border substitutes in the United States and by domestic substitutes such as trucking and shipping.
- If you had told me 30 years ago that in the United States in the year 2004, no female presidential candidate had ever been nominated by either of the duopolistic parties I would not have believed you.
- Unsurprisingly, big, politically painful structural changes, such as ending the cable franchise system, which reduces land line competition to a duopolistic farce, are nowhere in sight.
Origin
1920s: from duo-, on the pattern of monopoly.