noun
- plural of duopoly; markets dominated by only two competing companies or suppliers
Usage: economics
Examples
- The airline industry often creates duopolies on certain routes.
- Regulators worry that mergers could lead to more duopolies.
- These duopolies can result in higher prices for consumers.
- The smartphone market was once characterized by several duopolies.
- Competition authorities monitor duopolies to prevent price fixing.
- Breaking up duopolies can increase market competition.