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oligopoly

[ol-i-gop-uh-lee] /ˌɒl ɪˈgɒp ə li/
noun
1.
the market condition that exists when there are few sellers, as a result of which they can greatly influence price and other market factors.
Compare duopoly, monopoly (def 1).
Origin of oligopoly
1890-1895
First recorded in 1890-95; oligo- + (mono)poly
Related forms
oligopolistic
[ol-i-gop-uh-lis-tik] /ˌɒl ɪˌgɒp əˈlɪs tɪk/ (Show IPA),
adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2017.
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British Dictionary definitions for oligopolistic

oligopoly

/ˌɒlɪˈɡɒpəlɪ/
noun (pl) -lies
1.
(economics) a market situation in which control over the supply of a commodity is held by a small number of producers each of whom is able to influence prices and thus directly affect the position of competitors
Derived Forms
oligopolistic, adjective
Word Origin
C20: from oligo- + Greek pōlein to sell, on the model of monopoly
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for oligopolistic
adj.

1939, from oligo- "little, small," in plural, "few" + -poly, from Greek polein "to sell" (see monopoly).

oligopoly

n.

1887, from Medieval Latin oligopolium, from Greek oligos "little, small," in plural, "the few" (see oligo-) + polein "to sell" (see monopoly).

Online Etymology Dictionary, © 2010 Douglas Harper
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oligopolistic in Culture
oligopoly [(ol-i-gop-uh-lee, oh-li-gop-uh-lee)]

Control over the production and sale of a product or service by a few companies.

The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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