Term:
Duopoly
Definition:
A duopoly is an industry consisting of two sellers. It is therefore a special case of oligopoly. In industrial organization economic theory, duopoly is often analysed as a simplified example of oligopoly behaviour.
Domain:
Finance
Source:
Glossary of Industrial Organisation Economics and Competition Law, compiled by R. S. Khemani and D. M. Shapiro, commissioned by the Directorate for Financial, Fiscal and Enterprise Affairs, OECD, 1993
