Outrageously Funny Word Dictionary :: Semimonopoly

👉 In the context of economics, a semimonopoly is a situation where there are two or more firms with identical market power but different prices. In other words, it's like when you have two competitors who sell the same product at different prices. For example, imagine that Apple sells iPhones and Samsung sells Android phones in the US. Both companies charge the same price of $100 for a new iPhone, but Apple is the dominant player because they control the entire market with their high-end hardware

semimonopoly