duopoly

American  

[doo-op-uh-lee, dyoo-] / duˈɒp ə li, dyu- /

noun

plural

duopolies

1. the market condition that exists when there are only two sellers.

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duopoly British  

/ ˌdjʊɒpəˈlɪstɪk, djʊˈɒpəlɪ /

noun

1. a situation in which control of a commodity or service in a particular market is vested in just two producers or suppliers

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Other Word Forms

• duopolistic adjective

Etymology

Origin of duopoly

First recorded in 1915–20; duo- + (mono)poly

Example Sentences

It comes seven months after the regulator said Apple and Google had an "effective duopoly" in the UK over their dominance in the sector.

From BBC

That trend should be even stickier in a duopoly.

From The Wall Street Journal

"The problem with this industry is that the supply chain is an oligopoly and sometimes even a duopoly."

From BBC

According to Pew Research, nearly 40% of U.S. adults identify as independents or with parties outside of the Republican and Democratic duopoly.

From The Wall Street Journal

And we have a duopoly of networks: Visa and Mastercard, who process more than 80% of those transactions.

From Los Angeles Times