oligopoly
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
1Other words from oligopoly
- ol·i·gop·o·lis·tic [ol-i-gop-uh-lis-tik], /ˌɒl ɪˌgɒp əˈlɪs tɪk/, adjective
Words Nearby oligopoly
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use oligopoly in a sentence
Their dominance is so strong that many EDA startups specialize in one niche use and then sell themselves to one of these three companies, further cementing the oligopoly.
Inside the software that will become the next battle front in US-China chip war | Zeyi Yang | August 18, 2022 | MIT Technology ReviewCombating potential oligopolies, asymmetries of power between landlords and tenants, high rents, and overly high home prices begins with ensuring housing abundance.
I believe that markets are much broader, even in oligopoly markets, where you say there could be coordinated pricing.
How to Fix the Hot Mess of U.S. Healthcare (Ep. 456) | Stephen J. Dubner | April 1, 2021 | FreakonomicsPutting forward a strong economic case enabled the movement to gain traction among leading business networks and even blue-collar workers, who often look to the country’s oligopolies for political cues.
On the other hand, Israel's banking oligopoly feels to ordinary consumers like a protection racket.
It worked in broadcast TV, when we had three big networks and they operated an oligopoly.
British Dictionary definitions for oligopoly
/ (ˌɒlɪˈɡɒpəlɪ) /
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
Origin of oligopoly
1Derived forms of oligopoly
- oligopolistic, adjective
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
Cultural definitions for 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 Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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