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Duopoly
A duopoly is a market where two firms hold most of the sales. They may compete hard or settle into a comfortable rivalry, but either way consumers have few alternatives.
Why It Matters
When one of only two players stumbles, there is little spare capacity to fall back on.
In India
After Jet Airways and Go First collapsed, IndiGo and the Air India group came to carry about 90% of India’s domestic passengers.
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