Updated: Aug 20, 2021

The market situation in which there are only two buyers of a particular good or service. It is thus the analogue of duopoly on the buying side.

Reference: The Penguin Dictionary of Economics, 3rd edt.

Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.