duopoly

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duo|po|ly /dj'uː'ɒpəli/ (duopolies)
1 [N-VAR]
If two companies or people have a duopoly on something such as an industry, they share complete control over it and it is impossible for others to become involved in it. (BUSINESS)
They are no longer part of a duopoly on overseas routes.
2 [N-COUNT]
A duopoly is a group of two companies which are the only ones which provide a particular product or service, and which therefore have complete control over an industry. (BUSINESS)
Their smaller rival is battling to end their duopoly.

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