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
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use oligopoly in a sentence
Many consumer verticals are tough to penetrate given big tech and related oligopoly.
8 investors discuss Stockholm’s maturing startup ecosystem | Mike Butcher | February 19, 2021 | TechCrunchThe college is an oligopoly that is not beneficial to those paying the programs.
An edtech startup founded by the son of Tony Blair gets $44 million | Lucinda Shen | January 19, 2021 | FortuneAt the time there was a really strong perception that every strong technology market would be winner-takes-all when in reality, many markets are oligopoly markets.
Why so many valuable startups seem like the dumbest idea at first | Lucinda Shen | November 13, 2020 | Fortune
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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