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The linked article describes with a Duopoly is, but not why one would be a problem.
by wrboyce 10y ago
The linked article describes with a Duopoly is, but not why one would be a problem.
- dragonwriter 10y agoOligopolies (of which duopoly is the minimal example) produce largely the same problems as monopolies, for largely the same reason, once (formal or indirect through signalling) collusion is factored in; competition works when there are enough market participants that a colluding group that can sweep up the whole set of suppliers is impractical to maintain.