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Duopoly is a market structure in which only two sellers offer similar or identical products. In a duopoly market, the two companies often have significant market power and together control a large portion of the market. This can lead to reduced competition and higher prices for consumers. Duopoly is different from a monopoly, where there is only one seller in the market.
Are you tired of high prices and limited choices? Welcome to the world of duopoly, where just two companies control the market and dictate the prices. With limited competition, these companies have the power to charge more for their products, leaving you, the consumer, to pay the price. Don't let these corporations control your wallet. Demand more options and fair prices. Stand up for competition in the marketplace.
Competition Commission of India is looking into these aspects.
The Competition Commission of India (CCI) is a statutory body of the Government of India responsible for enforcing The Competition Act, 2002 throughout India and to prevent activities that have an adverse effect on competition in India. The CCI consists of a Chairperson and six members appointed by the Central Government. It is headquartered in New Delhi, India. The main function of the CCI is to investigate, control and prevent anti-competitive practices, to promote and sustain competition in the market, protect the interests of consumers and ensure freedom of trade in the market place.
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