noun
- Plural of duopolist; companies or firms that are the only two major sellers in a market or industry.
Usage: economics; business
Examples
- The two duopolists control over 80% of the smartphone market.
- Regulators are investigating whether the duopolists are engaging in anti-competitive practices.
- These duopolists have dominated the industry for decades.
- The duopolists agreed to lower prices in response to consumer complaints.
- New competitors are challenging the duopolists' market dominance.