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Duopoly |
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Duopoly A situation in which two companies split all or nearly all the market share of a good or service. There are two models for duopoly: the Cournot model and the Bertrand model. In the Cournot model, the two companies assume the output of the other, resulting in greater output than in a monopoly, but less than in a state of perfect competition. This pushes prices lower, but not as low as they would be in perfect competition. In the Bertrand model, the duopolistic companies compete for the lowest possible price, resulting in perfect competition. Both models are applicable in different situations and times and neither expresses duopolistic behavior perfectly. Major examples of duopolies include Pepsi and Coca-Cola in the soft drink market and Microsoft and Apple in the computer operating system market. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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What will be the price and optimal launch sequences in a duopolistic market with firms having substitute products? Globally, it is essentially duopolistic, consisting of Standard & Poor's and Moody's, both of American ownership and solid U. Leach was forced to withdraw his proposal, explaining, "Fannie Mae and Freddie Mac -- its duopolistic partner -- have ties to Congress which are much stronger than those of 13,000 financial institutions in the 50 states. |
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