You are reading the article Google Voice Number Porting: Pros And Cons updated in March 2024 on the website Cattuongwedding.com. We hope that the information we have shared is helpful to you. If you find the content interesting and meaningful, please share it with your friends and continue to follow and support us for the latest updates. Suggested April 2024 Google Voice Number Porting: Pros And Cons
If you’ve ever wanted to wrestle your phone number away from the carriers, now’s your chance.
So — what’s involved in porting a number into Google Voice, and is it worth doing? Here are some pros and cons to help you decide.Google Voice Number-Porting Pro: You Control Your Number
Once you’ve ported your phone number into Google Voice, you have full control over where your number goes — and you can change it anytime you want. You could have the number ring your work phone during the day and your cell phone at night; you could even have it ring three different phones at once so you can grab whichever is most convenient. And if you move or change mobile providers in the future, all you have to do is log in to your Google Voice account and update the forwarding info there; you won’t have to mess with the carriers at all, and no one else will even know anything happened.Google Voice Number-Porting Con: The Process Can Be Messy
Porting an existing number into Google Voice seems simple, but the process can quickly turn complicated. The reason: Once you port your existing mobile number into Google Voice, your current mobile service plan will be cancelled. You’ll have to call your carrier and get it to restart your service and assign a new number to your phone (even though you won’t be giving that number out, it still has to exist — otherwise, your phone won’t work and Google Voice won’t have anywhere to actually forward your calls).
Google has some tips on making the process as smooth as possible, but you should be ready for a hassle. As Wired’s David Kravets discovered, mobile carriers aren’t always equipped (translation: competent) at handling this type of request, and — unless you’re planning to cancel your current service plan and switch carriers right now anyway — you may be in for a bumpy ride.Google Voice Number-Porting Pro: Free Calls and Texting
Putting your primary number on Google Voice can also let you say so long to texting plans: If you have an Android phone, iPhone, or BlackBerry, you can send and receive unlimited texts directly through the Google Voice mobile application. You can also use the Google Voice website and Chrome browser extension to accomplish the same thing, which comes in quite handy when you’re sitting at a computer during the day.Google Voice Number-Porting Con: The Process Won’t Be Free
Long story short, plan carefully and act only if you’re in between contracts, or okay with paying the price.Google Voice Number-Porting Pro: You’ll Gain Lots of New Features Google Voice Number-Porting Con: You’ll Be Reliant on Google
I’ve been using Google Voice for almost two years now, and for the most part, it’s quite reliable. On rare occasions, though, the service has gone down for short bursts of time. If your primary phone number is connected to Google Voice and an outage occurs, anyone trying to call you won’t be able to get through.
Thus far, this hasn’t happened much — but it’s always a possibility, and it’s a risk you take when committing your primary number to this kind of service.Google Voice Number-Porting Con: You May Get Number Confusion
Using Google Voice as your primary number is easy if you have an Android phone: With Google’s free Android app, you just select the option to have all of your outgoing calls come from your Google Voice number. From there, you’re home-free; any call you make will automatically show up as coming from your newly ported number.
On other smartphone platforms, it isn’t so easy, as Google Voice functionality isn’t so tightly integrated into the operating system. You can still place calls through Google Voice, but instead of using your phone’s normal dialer function, you’ll have to open up the Google Voice app and select the option to place a call from there. Otherwise, people you call will see your “real” mobile number, not your Google Voice number — and that’s bound to cause confusion.Google Voice Number-Porting Pro: You Can Always Undo It
Ultimately, the risk of porting your number into Google Voice isn’t too high, if only for one reason: You can always change your mind. I confirmed with a Google spokesperson this evening that users can opt to port their numbers out of Google Voice at any time, if they so choose. So if you ever decide you’d like to take your number back and put it in the hands of a carrier or a VOIP service, you have that right; all you have to do is initiate a port from your new provider.
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Exempt employees are not regulated under the Fair Labor and Standards Act, which sets the federal requirements for overtime pay and minimum wage.
Exempt employees must meet the Department of Labor’s salary level, salary base and duties criteria.
Exempt employees may be more knowledgeable than nonexempt employees, but they also may cost more to hire.
This article is for business owners who need to hire staff and want to know what hiring exempt employees would entail.
While your employees might not like being told they need to work more than 40 hours in a given week, that doesn’t mean it’s illegal to demand it of them. In fact, no federal laws prevent you from having most of your salaried employees work more than 40 hours per week. These employees are called exempt employees. As an employer, you need to understand exactly what an exempt employee is, how they differ from nonexempt staff and what you can legally ask of these workers.What is an exempt employee?
The Fair Labor and Standards Act does not apply to exempt employees. In other words, “exempt” actually means “FLSA-exempt.” As such, an exempt employee does not receive overtime pay, and sometimes, they aren’t required to be paid minimum wage either. Determining who qualifies as an exempt employee can seem a bit complicated, but it’s easier than you might think.Exempt vs. nonexempt employees
All exempt employees are salaried, though not all salaried employees are exempt. All hourly employees, on the other hand, are nonexempt. This means they are entitled to overtime pay and pay rates of at least the FLSA or state minimum wage, whichever is higher. The FLSA does not enforce these regulations for most salaried employees.
Exempt employees are not covered by FLSA regulations regarding overtime pay and minimum wage, and most (but not all) exempt employees are paid an annual salary.How many hours must an exempt employee work per week?
An exempt employee’s weekly work hours are not regulated, because the FLSA does not govern their work. As an employer, you can have your exempt employees on the job for 40 hours, 20 hours or 70 hours per week without altering how much you must pay them. Of course, you’ll want to consider the distinctions of full-time vs. part-time employees, but exempt employees’ work hours have no bearing on their exempt status.
Exempt employees have no maximum or minimum number of work hours allowed per week.What does the FLSA consider an exempt employee?
The Department of Labor (DOL) has three tests for exempt status, and an employee must pass all of these tests to be classified as exempt.
The salary level test: For a salaried employee to be exempt, you must pay them at least $684 per week, which equals $35,568 per year. Any employees whom you pay less are not.
The salary base test: Exempt status requires that your employee’s salary is not subject to decrease, even as a penalty for poor performance.
The duties test: According to the duties test, employees must work in executive, administrative, professional, computers/systems or outside sales roles to qualify as exempt. This test holds even if your employee’s job title excludes these words; their tasks supersede their title.
Despite these three concrete rules, determining exemption can be tricky. For example, it’s extremely common for employers to mistakenly conflate salaried employees with exempt employees. As you’ll see from these rules, the two are not mutually inclusive, and the DOL does not have exempt-status tests regarding hours worked per week.
Did You Know?
All employees who meet the Department of Labor’s salary level, salary base and duties criteria are exempt.What else should employers know about exempt employees?
You should keep these three considerations in mind for exempt employees:1. Seasonal employers and FLSA exemption
If you run a seasonal company, FLSA and exemption rules may work differently for you. Your company may be entirely exempt from adherence to the FLSA if you meet either of these criteria:
Your company operates for no more than seven months of the year. Months during which your company solely focuses on maintenance, internal operations or supply orders do not count as operation.
You pass the 33.3% test. To pass this test, your company’s average monthly receipts for any six months of the year must not exceed 33.3% of its average monthly receipts for the remaining six months of the year.
If your seasonal company meets either or both of these criteria, the FLSA does not apply to any of your employees.2. Exempt employee pay for time off
While exempt employees often receive paid time off, they can also be subject to any policies you enact for unpaid time off. However, unpaid time off rules do not allow you to dock exempt employee pay for hours not worked in a workweek – you can only withhold pay for full weeks without work.3. Exempt employee unpaid suspension
Just as the FLSA allows employers to give employees unpaid time off, you may not have to pay exempt employees whom you suspend. If an exempt employee commits a top-level company policy violation, one that could merit eventual firing, you can suspend them without pay.
Did You Know?
You can legally give exempt employees unpaid time off or unpaid suspension, and some seasonal companies are entirely exempt from FLSA adherence.
Windows XP: The Ultimate Comparison Guide, Pros and Cons Why Windows XP is still relevant in the modern world
Windows XP is an old operating system that has been around since 2001 and has been one of the most popular OSes for many years.
Despite being outdated and no longer a recipient of Microsoft’s security updates, it still has some fans. Let’s find out what’s so special about it.
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Windows XP has been around for a long time. It has been the most widely adopted operating system from Microsoft. Since its release in 2001, it has been updated several times. While it had its share of problems like any other OS, people still use it.
Some of the reasons include its simplicity, power, and flexibility. On the downside, Windows XP is no longer supported by Microsoft. The company stopped providing support because it was no longer able to provide security updates for it. Luckily, you can use optimization software to boost its performance.
Some of the reasons why Windows XP is still a fan-favorite include:What are the main features of Windows XP?
With all the changes made to Windows in recent years, one would wonder, What is the use of Microsoft XP? Windows XP is still being used by millions of people worldwide. It remains popular due to its wide adoption.
Organizations worldwide are still using it because they do not want to upgrade their systems for security reasons or compatibility issues caused by newer versions of Windows.1. Support for multiple users
Windows XP includes support for multiple users. Each user has a desktop or personal area to work in. This allows users to have their own settings, programs, and files.
You can also allow guest accounts that do not require passwords so that people can use your computer without authorization.2. Start menu
Users can also pin frequently used applications. The Start menu is also customizable, where users have the option to remove or add links.3. Taskbar
This bar appears at the bottom of your screen and allows you to see which programs are running, what they’re doing, and how much memory they use. You can also open or close programs from here, as well as minimize, maximize, or restore them.4. Media features
It also has a built-in library so users can organize their media collection easily. Windows Movie Maker lets users edit videos and create simple movies with ease. It also includes tools for adding music tracks and captions.5. Parental controls
Parental controls allow you to restrict access to games, websites, and content based on ratings that you set up yourself. You can set time limits for when your kids can use their computer and what they can do with it while online or playing games.
You can even lock down certain programs so they can’t be opened without your permission or control what sites they visit while surfing the web.Why was Windows XP so good?
Here are a few reasons users liked Windows XP:
Fast performance: Windows XP was considered one of the fastest operating systems of the time, and it managed to hold the title for years.
Stability: The OS was fairly stable compared to the other iterations released previously by Microsoft, and provided support to a wide range of apps.
User-friendly interface: Windows XP had an extremely user-friendly interface, and most actions could be performed seamlessly and within seconds.Is Windows XP still good to use?
You can still run Windows XP. But the OS lost support from Microsoft in 2014, so you wouldn’t be getting any security or feature updates, which puts the PC at a greater risk of being attacked by malware or virus.
Also, several applications might not run on Windows XP due to compatibility issues. Though if that doesn’t seem like a hassle and the OS is already installed, you can keep using Windows XP, at least for now.What are the limitations of Windows XP?
It is not free – Windows XP costs money, so it may not be accessible to everyone. Compared to other iterations, users have been able to upgrade free of charge.
Difficult upgrades – Windows XP is very difficult to upgrade from earlier versions of Windows. If you want to switch from, say Windows 98 to Windows XP, you’ll have to do a clean install that deletes all files on your hard drive.
Complex installation process – It can be difficult to set up a new PC with Windows XP. The installation process can take several hours and requires a CD or DVD drive to install from.
Security risks – Windows XP has known security vulnerabilities that can be exploited by hackers to gain access to your computer system or data files stored on it. Luckily, you can secure your system with Windows XP antivirus software.
Limited RAM – The system memory only supports up to 4GB. You can either upgrade to Windows XP Professional at a cost or a newer Windows version.
Having explored all that Windows XP has to offer, it brings us to the age-old question: Which is better, Windows XP or Windows 10? The two operating systems are very different from each other, but they do share some similarities.
Ultimately, there are a lot of trade-offs when it comes to upgrading to Windows 10. Some people will consider the upgrade, especially if they use a compatible computer, but others may not even bother.
It all boils down to the activities you use your PC for. If you are doing basic stuff, then by all means, continue using Windows XP. This just means that you’ll have to take measures such as hiding your IP in Windows XP to minimize the security risks.
However, if you are looking to explore more modern features and overall enhanced performance, Windows 10 is.
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Gionee S6 Pro Pros
Design and build quality
Display and touch
Front facing flash
Stereo speakersGionee S6 Pro Cons
No NFC support
Hybrid SIM trayGionee S6 Pro Specifications
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Question: Does the Gionee S6 Pro have dual SIM support?
Question: How is the design and build quality?
Answer: The phone comes with a unibody metallic design. The chamfered edges and the sharp lines add to the aesthetics of the phone. The camber back makes it much grippier. The phone is slim with a width of just around 7 mm. Gionee claims that 97% of the body is metallic. The design and build quality is no less than that of a flagship phone.
We can say that Gionee as always has done a great job in designing this sleek and stylish phone.Gionee S6 Pro Photo Gallery
Answer: Yes, the storage can be expanded upto 128 GB via microSD card.
Question: What are the colour options?
Answer: We get two colour options and they are Gold and Rose Gold.
Answer: Yes, it does have the 3.5 mm headphone jack.
Question: What all sensors does it have?
Answer: S6 Pro comes with Motion Sensor, G Sensor for Auto Rotation, Proximity Sensor, Light Sensor, Gyro Sensor for VR.
Answer: Yes, it does have a finger print sensor which unlocks the device in 0.1 second.
Question: Does it come with a gyroscope sensor?
Answer: Yes, it does have a gyroscope sensor.
Answer: Gionee S6 Pro has 1.8 GHz 64-bit Octa Core MediaTek Helio P10 MT6755 SoC
Question: How is the display?
Answer: Gionee S6 Pro comes with a 5.5 inch Full HD IPS display with a resolution of 1920×1080. The display is crisp and has some good viewing angles. The display comes with a high performance real time pixel processing engine which controls sharpness, contrast and colour to enhance picture quality.
Answer: Yes, it does have a 2.5D curved display.
Question: Does it have a Gorilla Glass protection?
Answer: Yes, it is Gorilla Glass 3 protected display.
Answer: Yes it does have the auto brightness mode.
Question: What OS does the phone runs on?
Answer: The phone runs on Amigo 3.2 which is based on Android v6.0 Marshmallow.
Question: Does it have physical buttons or onscreen buttons?
Question: Can we play 4K videos on this device?
Answer: No, 4K videos cannot be played on this device.
Question: Is fast charging supported on this phone?
Answer: Yes, it does support fast charging.
Answer: Yes, it does support USB OTG.
Question: Is it waterproof?
Answer: No, it’s not waterproof.
Question: Does it support NFC?
Question: Does it support VoLTE?
Answer: Yes, it does support VoLTE.
Question: Does it support FM Radio?
Answer: Yes, it does have FM Radio, but you need to insert the headphone.
Answer: Around 12 GB of the 64 GB is used after first boot.
Question: How much RAM is available out of 4 GB?
Answer: You get around 2.3 GB of free RAM.
Question: How good is the camera on Gionee S6 Pro?
Question: What are the various modes in camera?
Answer: Various modes available are Face beauty, HDR, Panorama, Professional, Time-Lapse, Slow Motion, Smart Scene, Text Recognition, Macro, GIF, Ultra Pixel, Smart Scan and Mood Photo.
Question: Does it come with optical image stabilisation?
Answer: No, it doesn’t support optical image stabilisation.
Answer: Yes, we do have a front facing LED flash.
Question: Is there any dedicated camera shutter button?
Answer: No, there is no dedicated camera shutter button.
Question: What is the weight of Gionee S6 Pro?
Question: What are the dimensions of the phone?
Answer: The dimensions of the phone are 153×75.2×7.60 mm.
Question: What type of USB does it have?
Answer: The phone comes with USB Type C for charging and data syncing.
Answer: The output from the loud speaker is average. It’s not among the loudest phones.
Question: What is the speciality of the speakers?
Answer: It comes with dual speakers and hence giving stereo effect.
Question: How is the battery backup on this device?
Question: Can it be used to create mobile hotspot?
Answer: Yes, it can be used to create mobile hotspot.
Answer: The Gionee S6 Pro is priced at Rs 23,999 and will be available from 1st October 2024.
Question: What are the contents of the box?
Answer: You get Mobile, earphone, charger, data cable, user manual, warranty card, screen guard and a transparent case within the box.
Question: What are the SAR values?
Question: What is the launch offer we get?
Answer: As a launch offer, Saavn gives 3 months Saavn Pro subscription for free.
Answer: Yes, it comes with an integrated headphones and a 3.5 mm jack to connect it to your mobile.
Answer: Yes, it can be controlled by focussing on different parts of the screen.
Question: Where do I get the VR content on the phone?
Answer: VR content can be accessed via the native app called as VR Store on the phone.Conclusion
Gionee has offered a great looking phone with a decent build quality at an affordable price. The main reasons to buy this phone would be the Virtual Reality capabilities which till now was lead by Lenovo. The other reasons to buy this phone would be the decent camera and battery. But for performance and reliability, we must think twice to buy this one.
Samsung Galaxy A5 2024 Pros
The phone has a great camera
A good fingerprint sensor
MicroSD card storage expansion
Samsung Galaxy A5 2024 Cons
The device is not running the latest Android version, the Android Marshmallow. It is still stuck with Android Lollipop 5.1.1
Samsung Galaxy A5 2024 Coverage
Samsung Galaxy A5 2024 Hands on Overview, Good and Bad [Video]
Samsung Galaxy A5 2024 Quick Specifications
Question- How is Design and Build Quality?
Answer- The design on the Samsung Galaxy A5 hasn’t changed much from what we saw on the Galaxy S6 line. The A5 2024 features a similar design to the Galaxy S6 that was launched last year. Coming on to the build quality, the phone is built really well. It feels good in the hand, with its compact 5.2-inch screen size. The phone also features a Corning Gorilla Glass 4 on the back of the device.
Answer- Yes, it has dual SIM slots.
Question- Does the Samsung Galaxy A5 2024 Have microSD Expansion option?
Question- Does Samsung Galaxy A5 2024 Have a Display Glass Protection?
Answer- Yes, the Galaxy A5 has Corning Gorilla Glass 4 on the display for the protection.
Question- How is the Display of the Samsung Galaxy A5 2024?
Question- Does Samsung Galaxy A5 2024 Support Adaptive Brightness?
Answer- Yes, the phone supports Adaptive brightness.
Answer- Yes, the navigation buttons are backlit for the Galaxy A5 2024.
Question- Which OS Version, Type Runs on Phone?
Answer- The phone runs on the latest version of TouchWIZ, which is built on top of Android Lollipop 5.1.1.
Answer- Yes, there is a fingerprint sensor. This fingerprint sensor is placed in the home button on the front, just as all Samsung phones have. It is the same chip as they had in their Galaxy S6 lineup and hence it should be a good one. We were not able to test it on the show floor, but it should be good because of the Galaxy S6 fingerprint sensor that we’ve seen before.
Question- Is Fast Charging Supported in Samsung Galaxy A5 2024?
Question- How Much Free Internal Storage is Available to User?
Answer- Right out of the box, you can expect to find 9.84 GB of free space, out of the 16GB storage that the phone has inbuilt. You can expand this storage with the use of a microSD card easily, though.
Question- How Much Bloatware Apps are Pre-installed, Are They Removable?
Question- How Much RAM is Available on the first Boot?
Answer- On boot, there is only 622 MB of RAM available, which seems really less for a phone with 2GB of RAM on board.
Question- Does it have LED notification light?
Answer- No, it does not have LED notification light.
Answer- Yes, it supports USB OTG out of the box.
Question- Does Samsung Galaxy A5 2024 offer theme options to choose from?
Answer- No, it does not offer any themes out of the box for you to use.
Question- How Loud is The Loudspeaker?
Question- How is the Call quality?
Answer- We were not able to test the call quality of the Galaxy A5 2024 on the show floor so we can not answer this question yet.
Question- How good is The Camera Quality of the Samsung Galaxy A5 2024?
Answer- The camera on the Galaxy A5 2024 is really good. It performs just as you’d expect a Samsung smartphone camera to perform. The pictures that were taken with the phone, either with the primary or the secondary camera, both come out to be good with details and colors. The rear camera is a better one definitely and even performs decently in low light situations.
Question- Can we Play Full HD 1080p Videos on Samsung Galaxy A5 2024?
Answer- Yes, we can play Full HD 1080p videos on the smartphone.
Question- Can Samsung Galaxy A5 2024 record slow motion videos?
Answer- No, it can not record slow motion videos out of the box.
Answer- We were not able to test the battery of the Galaxy A5 2024 on the show floor so we can not answer this question yet. We will definitely cover this in our battery overview soon.
Question- What Color Variants Available for Samsung Galaxy A5 2024?
Answer- The phone is available in 4 different colour choices, Black, White, Gold, and Pink.
Question- Can we set the display colour temperature on Samsung Galaxy A5 2024?
Question- Is there any inbuilt power saver in the Samsung Galaxy A5 2024?
Answer- Yes, there is an inbuilt power saving mode in the Galaxy A5 2024.
Question- Which Sensors are available on Samsung Galaxy A5 2024?
Answer- The Galaxy A5 2024 features a Fingerprint sensor, an accelerometer, a proximity sensor, and a compass.
Answer- The Galaxy A5 2024 weighs around 155 grams.
Question- Does It Support Tap Wake up Commands?
Answer- No, it does not support tap to wake up command.
Question- Does It Support Voice Wake up Commands?
Question- Does Samsung Galaxy A5 2024 Have Heating Issues?
Answer- We were not able to test the heating of the Galaxy A5 2024 on the show floor, but we will test it out in our review that will be coming out really soon.
Answer- We were not able to test the gaming performance of the Galaxy A5, but we will definitely test it out pretty shortly in our dedicated Gaming and battery review for the Galaxy A5 2024.
Question- Mobile Hotspot Internet Sharing Supported?
Answer- Yes, mobile hotspot internet sharing is supported by the Galaxy A5 2024.
The Samsung Galaxy A5 2024 is definitely a good phone and it will impress the users, no matter what. We are looking forward to testing out the phone as soon as we get our hands on it in the office. You will be hearing more about this phone from us in the near future. Stay subscribed to GadgetsToUse to know more about this device and other devices that will be launched in the coming days.
What is Duopoly?
In a monopoly, a single player dominates the market for a particular product. In contrast, in a duopoly, two players have a clear dominance for a specific product. The two players compete with each other to increase their market share and often serve a loyal customer base of their own.Key Highlights
A duopoly is where two companies hold a majority, i.e., 50% or more of the market share.
The two companies are interdependent while enjoying a monopoly for their loyal base of customers.
It is of two types: Cournot, and Bertrand, based on what triggers the competition between the two companies.
There are various real-life examples like Apple, Samsung, Airbus, and Boeing.How Does it Work?
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The producer from two companies dominates in a Duopoly, a particular product in a market sector. In this condition, various companies compete with each other by lowering the prices of their products. This situation benefits the consumers.
Even though there will only be two competitors in the market, with the mutual acceptance between these two companies, it can become a monopoly. A monopoly is a condition in which a single producer of the product in the market will exist.Types Cournot
According to this, the volume of goods or services produced decides the competition between the two players.
The two companies produce their goods to maximize profits. Thus, in the long run, an equilibrium is set for both companies in terms of output.
Hence, there is no incentive to start a price war. There is no collusion between the companies, and each company produces to maximize its profit.Bertrand
In this market, price competition exists between two firms, and customers opting for the lowest prices can create a price war.
The two firms implement low pricing strategies leading to their depleting profits.
In this, customers enjoy purchasing goods and services at low prices while profits for companies dwindle due to existing competition.Examples Boeing and Airbus
Boeing and Airbus have been considered duopolies in the large jet airplane manufacturing market since 1990.
Together, they own nearly 90% of the market share of airplane manufacturing.
The creation of Airbus made airplane manufacturing more competitive, forcing Boeing to be more price competitive and present an excellent service.Apple and Samsung
Apple and Samsung companies combined to dominate the smartphone market.
The remaining smartphone manufacturers contribute less than 25% of the smartphone industry.Visa and Mastercard
Visa and Mastercard are considered Duopoly in card payment services.
Of all the card transactions in European countries, 80% are through Visa and Master cards.Coca-Cola and Pepsi
Another example is in the beverage industry, where Coca-Cola and Pepsi dominate.
Coca-Cola has a 43% market share, while Pepsi has 29% giving both companies a concentration of more than 70% in the cola market.
While both players spend a fortune to promote their brands, they do not launch a campaign against each other as it may be mutually harmful, as seen in their earlier campaigns in the 1970s.Characteristics
The two big players affect each other’s decisions.
The change in the price of the product by one player will also influence the pricing strategy of another player.
Similarly, launching a different quality product within the same niche will force another player to launch a similar product to stay competitive.
As there are only two players for the majority market share, each player develops a loyal customer base over time. Hence, they enjoy significant individual monopoly powers. For example, Samsung and Apple have developed a substantial, loyal customer base, and now Apple enjoys a monopoly for its market share of customers.
The two players avoid head-to-head competition as it is mutually harmful.
The duopolies are neither compatible nor conflicting and tend to focus on their work to win the market share.How is Duopsony Different from Duopoly?
Duopsony is an economic condition with only prominent buyers for a particular product or service. Two big players have more than 70% market share for the supply of the product.
Duopsony is also called buyer’s Duopoly and is a category of an oligopsony. It is a form of oligopoly.
For example, Intel Corporation and Advanced Micro Devices Inc are the leading manufacturers of microchips. For example, Flipkart and Amazon are leading e-commerce companies.
Companies benefit by cooperating. It limits free trade.
The two companies collude to decide upon a rate that maintains demand equilibrium and maximizes profits without competitors.
Companies concentrate on improving the quality of their existing products. Goods and services lack diversity and innovation.Final Thoughts
A few decades back, the market had monopolies of a handful of companies in each sector that controlled the prices and supply of utilities. Now, there is a significant presence of duopolies around the world. It provides just the right amount of competition so that companies can not take market share for granted and still work on products without worrying about disruptions. It is necessary for the sector where quality is more important than price, like airplane manufacturing.Frequently Asked Questions(FAQs) Q1. How is an oligopoly different from a duopoly?
Answer: In a monopoly, there is just one major supplier. In a duopoly, there are two major suppliers of a particular good or service. In an oligopoly, there are several interdependent firms that influence each other.Q2. What is a duopoly market? Who introduced the term? Q3. Why is duopoly good?
Answer: Duopoly is a good practice for companies as they can continuously operate the market according to their requirement. They can increase the prices and update the product according to new standards.Q4. Is duopoly legal?
Answer: With some conditions, a duopoly is legal. Both companies should refrain from collusion, as it may result in higher consumer prices. Collusion may also result in one company becoming a monopoly. Thus, collusion is illegal in the US, but duopoly is legal.Q5. Is a duopoly form of business beneficial to the economy?
Answer: A duopoly is an efficient form of business. In a sector where quality and constant supply are more important, it is very beneficial as firms can concentrate on the quality of goods without worrying about disruptions.Recommended Articles
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