Investopedia explains 'Duopoly'
Boeing and Airbus have been called a duopoly for their command of the large passenger airplane market. Similarly, Amazon and Apple have been called a duopoly for their dominance in the e-book marketplace.
A closely related concept is a monopoly, a situation in which a single company dominates the market. The United States Postal Service, which is by law the sole provider of first-class mail services, is an example of a monopoly.
|