noun
- a situation in which two companies or organizations have complete control of a particular market or industry
Usage: economics; business
Examples
- The airline industry in that region operates as a duopoly between two major carriers.
- Government regulators are concerned about the emerging duopoly in the streaming market.
- The duopoly has resulted in higher prices and fewer choices for consumers.
- Breaking up the duopoly would encourage more competition in the telecommunications sector.
- The two tech giants have created an effective duopoly in mobile operating systems.
- Small businesses struggle to compete against the established duopoly.