Definitions

1. noun

A market structure in which two companies dominate the market, often leading to reduced competition and potential anti-competitive behavior.

“The city has a duopoly on public transportation services, making it difficult for new companies to enter the market.”

2. noun

A situation in which two parties have exclusive control over a resource, such as a natural resource or a market.

“The government is concerned about the emerging duopoly in the tech industry, which could stifle innovation.”

3. noun

A state of being limited to two alternatives or options.

“The company’s duopoly in the market has led to a lack of choice for consumers.”