Saturday, September 15, 2018

DUOPOLY MARKET

Duopoly ia a type of oligopoly market where only two sellers exists.They have full control over the market. There are many examples of duopoly such as visa and mastercard and airbus and boeing.

Visa and mastercard control a large proportion of the electronic payment market. No other payment system has as control as these. They both rule the market.

Similarly airbus and boeing is an example of duopoly in airline market.

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