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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.
In the United States, industries that have identified as oligopolistic include food processing, [61] funeral services, [87] sugar refining, [88] beer making, [89] pulp and paper making, [90] the (duopolistic) two-party political system, mobile network carriers [91] and the big three of automobile manufacturing.
Market dominance is the control of a economic market by a firm. [1] A dominant firm possesses the power to affect competition [2] and influence market price. [3] A firms' dominance is a measure of the power of a brand, product, service, or firm, relative to competitive offerings, whereby a dominant firm can behave independent of their competitors or consumers, [4] and without concern for ...
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A two-party system is most common under plurality voting.Voters typically cast one vote per race. Maurice Duverger argued there were two main mechanisms by which plurality voting systems lead to fewer major parties: (i) small parties are disincentivized to form because they have great difficulty winning seats or representation, and (ii) voters are wary of voting for a smaller party whose ...
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Bertrand competition is a model of competition used in economics, named after Joseph Louis François Bertrand (1822–1900). It describes interactions among firms (sellers) that set prices and their customers (buyers) that choose quantities at the prices set.
"In essence, this money has been stolen from all of us for all these years," said an 84-year-old woman whose late husband's Social Security benefits were slashed. "It's not fair."