Definition
Duopoly describes market situation in which there are only two marketers of an economic good, while demand conditions remain competitive. A duopoly is a specific type of oligopoly.[1]
See also
- Duopoly
- Imperfect competition
- Monopolistic competition
- Monopoly
- Monopsony
- Oligopolistic competition
- Oligopsony
- Perfect competition
- Pure competition
- Workable competition
References
- ^ American Marketing Association, AMA Dictionary.