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Month: November 2020

Articles created in the month of November 2020

Why Are Duopolies So Competitive?

Posted on November 11, 2020 by Raphael Corns
A duopoly is really a situation where two firms control almost all of the marketplace for something or service.Duopolies could be surprisingly competitive.In the event that you remember that the cost of something or service is set solely by the best losing bid price and the cheapest losing ask price, you'll understand why a duopoly could be so competitive.Numerous inefficient competitors could have minimal affect on prices over time unless someone (the government or perhaps a band of idiotic investors) is ready to continually finance unprofitable operations within an unprofitable industry (think airlines)...