Meaning of the word duopoly in English
What does duopoly mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
duopoly
US /duˈɒpəli/
UK /djuˈɒpəli/
Noun
a situation in which two suppliers dominate the market for a commodity or service
Example:
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The airline industry is often described as a duopoly in many regions.
•
The market for smartphones is largely a duopoly between two major companies.