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Duopoly - Wikipedia
A duopoly (from Greek δύο, duo "two" and πωλεῖν, polein "to sell") is a type of oligopoly where two firms have dominant or exclusive control over a market, and most (if not all) of the competition within that market occurs directly between them. Duopoly is the most commonly studied form of … See more
Cournot duopoly
Cournot model in game theory
In 1838, Antoine Augustin Cournot published a book titled "Researches Into the Mathematical … See more1. Existence of only two sellers.
2. Interdependence: the action of each firm influences the demand faced by their rival.
3. Presence of monopoly elements: as long as products are differentiated, the firms enjoy some … See moreCournot duopoly
A Cournot duopoly is a model of strategic interaction between two firms where they simultaneously … See moreIn Finland, the state-owned broadcasting company Yleisradio and the private broadcaster Mainos-TV had a legal duopoly (in the economists' … See more
1838Antoine A. Cournot published a book introducing the Cournot duopoly model2000Visa and Mastercard were sued by the United States Department of Justice for antitrust violations2004Visa and Mastercard's appeal against the antitrust lawsuit was upheldIn a duopoly, quality standards can play a significant role in the competitive dynamics between the two firms. A low-quality manufacturer may … See more
Like a market, a political system can be dominated by two groups, which exclude other parties or ideologies from participation. This is … See more
A commonly cited example of a duopoly is that involving Visa and Mastercard, who between them control a large proportion of the electronic … See more
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WebJun 2, 2020 · A duopoly is a concentrated form of oligopoly (where several firms dominate the market). If two firms have a market share of over 70%, then the industry will definitely meet the criteria of an oligopoly (five firm …
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WebEconomicsOnline • June 07, 2021 • 4 min read. A duopoly is a market structure that is dominated by two firms, while a pure duopoly is a market where only two firms exist. Most duopolies, however, are markets where …
Duopoly: Examples, Characteristics, Types, Implications
WebApril 14, 2022. What’s it: Duopoly is a market structure in which only two sellers (producers). This is the basic form of oligopoly competition. The two players serve multiple buyers and sell competing goods and services.
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