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Simple English definitions for legal terms

duopoly

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A quick definition of duopoly:

Duopoly: A type of market where there are only two companies that sell a certain product. This means that consumers only have two options to choose from when buying that product.

A more thorough explanation:

Definition: A duopoly is a market structure in which there are only two sellers of a particular product or service.

Example 1: The soft drink industry is a classic example of a duopoly, with Coca-Cola and PepsiCo controlling the majority of the market share.

Example 2: Another example of a duopoly is the commercial aircraft industry, with Boeing and Airbus being the only major players in the market.

These examples illustrate the definition of a duopoly by showing how there are only two dominant companies in their respective industries. This can lead to limited competition and potentially higher prices for consumers. However, it can also lead to innovation and investment as the two companies compete to stay ahead of each other.

duodena | duopsony

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

lilypadfrog

15:45

NYU is a t6 unless they don’t accept me and then idgaf what they’re ranked

texaslawhopefully

15:46

That's the best mentality

texaslawhopefully

15:46

If I get into UChicago it will be CYS

KnowledgeableRitzyWasp

15:48

lolol

lilypadfrog

15:48

waspy I’m sure he meant to clarify that CYS is Cornell Yale Stanford

KnowledgeableRitzyWasp

15:49

yeah just making sure

windyMagician

15:49

I look really good in blue tho

KnowledgeableRitzyWasp

15:49

obviously cornell is t3

cumsock

15:49

someone from my undergrad is going to columbia for a masters in social work and the way they are talking to me im pretty sure they think thats as hard to get accepted to as columbia law

KnowledgeableRitzyWasp

15:49

every prof at cornell glazes it so hard

GreyCeaselessMammoth

15:50

i know so many heads going to various schools for random masters degrees and its like babe its not the sameeee

cumsock

15:50

"The acceptance rate for the Master of Science in Social Work (MSW) program at Columbia University is 74%" does he know?

llama

15:50

@cumsock: some battles are won by avoiding fighting them

cumsock

15:51

im not i just wish normies knew its not the same

Trismegistus

15:51

i need chicago so badly

llama

15:51

for suresies

lilypadfrog

15:52

llama do you think we’re besties? I kinda think we’re besties

JumpySubsequentDolphin

15:52

@GreyCeaselessMammoth: PLS I know a girl who got a master’s at Columbia for some random niche thing and she told EVERYBODY SHES GOING TO COLUMBIA LAW SCHOOL

GreyCeaselessMammoth

15:52

WHAT???

llama

15:53

@JumpySubsequentDolphin: I can respect the hustle.

GreyCeaselessMammoth

15:53

penn r

GreyCeaselessMammoth

15:53

called it

PuppyBot

15:53

i have two old classmates going to columbia for like social work

llama

15:53

@lilypadfrog: that depends. flash ur mod badge to find out

soyalmondoatmilk

15:54

penn R too bruh

GreyCeaselessMammoth

15:55

luigi arc ended :(

oakenrays

15:56

you can be driven insane by chronic back pain anywhere :)

[M] lilypadfrog

15:57

@llama: if you insist

Trismegistus

15:57

STILL NOTHING?

Trismegistus

15:57

for me

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