definitions
  • synonyms

oligopoly

[ ol-i-gop-uh-lee ]
/ ˌɒl ɪˈgɒp ə li /

noun

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).

Nearby words

oligopeptide, oligophagous, oligophrenia, oligopnea, oligopolistic, oligopoly, oligopsony, oligoptyalism, oligoria, oligosaccharide, oligospermia

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. 2019

British Dictionary definitions for oligopolistic

oligopoly

/ (ˌɒlɪˈɡɒpəlɪ) /

noun plural -lies

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

Culture definitions for oligopolistic

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.