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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.
Cournot's model of competition is typically presented for the case of a duopoly market structure; the following example provides a straightforward analysis of the Cournot model for the case of Duopoly. Therefore, suppose we have a market consisting of only two firms which we will call firm 1 and firm 2.
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.
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).
Duopoly, a case of an oligopoly where two firms operate and have power over the market. [8] Example: Aircraft manufactures: Boeing and Airbus. A duopoly in theory could have the same effect as a monopoly on pricing within a market if they were to collude on prices and or output of goods.
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The competition between Airbus and Boeing has been characterized as a duopoly [1] in the large jet airliner market since the 1990s. [2] The duopoly resulted from a series of mergers within the global aerospace industry, with Airbus beginning as a pan-European consortium while the American Boeing absorbed its former arch-rival, McDonnell Douglas, in
For example, a poor student in the U.S. might be excluded from purchasing an economics textbook at the U.S. price, which the student may have been able to purchase at the Ethiopian price. Similarly, a wealthy student in Ethiopia may be able to or willing to buy at the U.S. price, though naturally would hide such a fact from the monopolist so as ...