Write a 1 page essay on A summary of Death of the Duopoly.
Gillepsie and Welch point out that these parties will always be around, but voters also have the ability to make their own stance.
Economists recognize the Republican and Democratic parties as being the longest-lived duopoly. However, they have not considered that this duopoly may meet the same end as duopolies before them, which is that a collusion of interests will bring about a revolt of the customers. Gillepsie and Welch use Kodak and Fujifilm as an example. Kodak was a huge, unbeatable name until Fujifilm came along, but the two held their ground as a strong duopoly in a way that economists believed was unbreakable. Unfortunately, Kodak and Fujifilm began to drop and fell completely with the rise of digital cameras and software. Like other duopolies, Kodak and Fujifilm treated their customers like “captives,” leaving them no choice in what they can buy and what they would pay. With the rise of digital technology and more options for customers, the duopoly fell entirely.
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