duopoly: Meaning and Definition of

du•op•o•ly

Pronunciation: (d-op'u-lē, dy-), [key]
— pl. -lies.
  1. the market condition that exists when there are only two sellers. Cf. monopoly (def. 1),
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.