General purpose of this lecture is to present on Duopoly Models. Duopoly is a specific type of oligopoly where only two producers exist in one market. In reality, this definition is generally used where only two firms have dominant control over a market. Classical and modern economists have developed a variety of models based on different behavior assumptions. In the field of industrial organization, it is the most commonly studied form of oligopoly due to its simplicity.
Lecture on Duopoly Models
