Definition

Relating to a market situation where two companies or entities dominate the market.

Example

In a duopolistic market, the two leading firms often influence prices and competition.

Conversation

Have you read about the new duopolistic market in our city?

Yeah, I heard it’s just two companies dominating everything now.

Right? It makes me wonder how that will affect prices.

I guess we’ll just have to see if it leads to better deals or not.

Synonyms & Antonyms

Root Explanation

Duopolistic → It is formed from "duo-" (from Latin *duo*, meaning two) and "polistic" (from Greek *polistes*, meaning citizen or member of a city). The term describes a market structure dominated by two firms or entities, hence the concept of two participants in a competitive environment.

Memory Tip

Think of 'duo' meaning two, and 'polistic' relating to members of a community or market. This helps you remember that 'duopolistic' refers to a situation where two entities dominate a market.

Visually Confused Words