Duopoly meaning

do͝o-ŏpə-lē, dyo͝o-
An economic or political condition in which power is concentrated in two persons or groups.
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Control of a commodity or service in a given market by only two producers or suppliers.
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A condition in which two entities dominate a market. Pronounced "doo-op-a-lee." For example, Windows and Mac are a personal computer duopoly. iOS and Android are a smartphone duopoly.
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(economics) A market situation in which two companies exclusively provide a particular product or service.
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Origin of duopoly

  • duo– (mono)poly

    From American Heritage Dictionary of the English Language, 5th Edition

  • By analogy with monopoly based on Ancient Greek δύο (duo, “two”) + πωλειν (pōlein, “to sell”).

    From Wiktionary