duopoly
/djuːˈɒpəli/ · du·op·o·ly
noun
- A market situation in which two companies exclusively provide a particular product or service. The smartphone market in the country has become a duopoly of Company A and Company B.
- The domination of a field of endeavor by two people or entities. The film industry has long been a duopoly of two major studios.
- A situation in which two or more TV or radio stations in the same city or community share common ownership. In the town, the local news is a duopoly, with both stations owned by the same media group.
Synonyms
oligopolyduumviratetwin monopolydual monopolypair of firmsdual controltwo‑player marketbifurcated market
Antonyms
Did you know? The word duopoly was first recorded in 1925, emerging from antitrust discussions, and it appears in the title of a 1995 novel that explores corporate power.