duopoly
Definition
Market situation in which only sellers supply a particular commodity to many buyers. Either seller can exert some control over the output and prices, but must consider the reaction of its sole competitor (unless both have formed an illegal collusive duopoly).
Mentioned in these definitions
Popular 'Economics, Politics, & Society' Terms
duopoly in the news
This content can be found on the following page:
http://www.businessdictionary.com/definition/duopoly.html







