oligopoly

[ol-i-gop-uh-lee]
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

First recorded in 1890–95; oligo- + (mono)poly
Related formsol·i·gop·o·lis·tic [ol-i-gop-uh-lis-tik] /ˌɒl ɪˌgɒp əˈlɪs tɪk/, adjective
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for oligopolistic

oligopoly

noun plural -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 Formsoligopolistic, adjective

Word Origin for oligopoly

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

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

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 Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.