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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 oligopoly due to its simplicity.
Neither model is necessarily "better" than the other. The accuracy of the predictions of each model will vary from industry to industry, depending on the closeness of each model to the industry situation. If capacity and output can be easily changed, Bertrand is generally a better model of duopoly competition.
Stackelberg's duopoly. In this model, the firms move sequentially to determine their quantities (see Stackelberg competition). Cournot's duopoly. In this model, the firms simultaneously choose quantities (see Cournot competition). Bertrand's oligopoly. In this model, the firms simultaneously choose prices (see Bertrand competition).
The housing recovery has boosted expectations for housing-related businesses, but perhaps none more so than those for home improvement retailers Home Depot (NYSE: HD) and Lowe's Companies (NYSE: LOW).
A duopoly (or twinstick, referring to "stick" as jargon for a radio tower) is a situation in television and radio broadcasting in which two or more stations in the same city or community share common ownership.
In economics and commerce, the Bertrand paradox — named after its creator, Joseph Bertrand [1] — describes a situation in which two players (firms) reach a state of Nash equilibrium where both firms charge a price equal to marginal cost ("MC").
A duopoly. It wasn’t always this way. Research by China Labour Bulletin, a Hong Kong-based NGO, said the delivery apps initially dug deep into their pockets to offer higher wages in order to ...
LONDON (Reuters) -Britain will use new regulatory powers to investigate Google's search services to see how they impact consumers and businesses, including advertisers and rivals, following U.S ...