Duopoly: meaning, definitions and examples

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duopoly

 

[ djuหหˆษ’pษ™li ]

Noun
Context #1 | Noun

economic competition

A duopoly is a market structure dominated by two firms, where each firm has significant control over the market. This situation creates a competitive environment, often leading to outcomes that can benefit consumers or, conversely, reduce market efficiency due to limited competition.

Synonyms

bipoly, dual monopoly

Examples of usage

  • The smartphone industry is often considered a duopoly, primarily between Apple and Samsung.
  • In a duopoly, the actions of one firm can have a direct impact on the other firm's strategies.
  • Regulators monitor duopolies closely to prevent anti-competitive behaviors.

Translations

Translations of the word "duopoly" in other languages:

๐Ÿ‡ต๐Ÿ‡น duopรณlio

๐Ÿ‡ฎ๐Ÿ‡ณ เคฆเฅเคตเคฟเคชเค•เฅเคทเฅ€เคฏเคคเคพ

๐Ÿ‡ฉ๐Ÿ‡ช Duopol

๐Ÿ‡ฎ๐Ÿ‡ฉ duopoli

๐Ÿ‡บ๐Ÿ‡ฆ ะดัƒะฟะพะปั–ั

๐Ÿ‡ต๐Ÿ‡ฑ duopol

๐Ÿ‡ฏ๐Ÿ‡ต ใƒ‡ใƒฅใ‚ชใƒใƒชใƒผ

๐Ÿ‡ซ๐Ÿ‡ท duopole

๐Ÿ‡ช๐Ÿ‡ธ duopolio

๐Ÿ‡น๐Ÿ‡ท duopol

๐Ÿ‡ฐ๐Ÿ‡ท ๋“€์˜คํด๋ฆฌ

๐Ÿ‡ธ๐Ÿ‡ฆ ุซู†ุงุฆูŠุฉ

๐Ÿ‡จ๐Ÿ‡ฟ duopol

๐Ÿ‡ธ๐Ÿ‡ฐ duopol

๐Ÿ‡จ๐Ÿ‡ณ ๅŒๅคดๅž„ๆ–ญ

๐Ÿ‡ธ๐Ÿ‡ฎ duopol

๐Ÿ‡ฎ๐Ÿ‡ธ duopol

๐Ÿ‡ฐ๐Ÿ‡ฟ ะดัƒะฟะพะปะธั

๐Ÿ‡ฌ๐Ÿ‡ช แƒ“แƒฃแƒแƒžแƒแƒšแƒ˜

๐Ÿ‡ฆ๐Ÿ‡ฟ duopol

๐Ÿ‡ฒ๐Ÿ‡ฝ duopolio

Etymology

The term 'duopoly' is derived from the combination of the prefix 'duo-', meaning 'two', and the suffix '-poly', which comes from the Greek word 'polein', meaning 'to sell'. The concept emerged from economic theories that analyze market structures and competition. The use of 'duopoly' in economics became more prominent in the early 20th century as economists began to distinguish between different types of market control. The term is extensively used in textbooks and academic discussions to illustrate scenarios where only two companies dominate a market, impacting pricing and supply dynamics. The implications of a duopoly are crucial in understanding market behavior, especially in industries such as telecommunications, airlines, and technology, wherein two companies may have substantial influence over overall market conditions.

Word Frequency Rank

This word's position of #33,481 indicates it's among the more rare English words. While understanding it broadens your vocabulary, focus on more common words first.