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oligopoly |
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oligopoly [ˌɒlɪˈgɒpəlɪ] n pl -lies (Economics) 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 [from oligo- + Greek pōlein to sell, on the model of monopoly] oligopolistic adj oligopoly the market condition that exists when there are few sellers. — oligopolistic, adj. See also: Trade
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seem to be arguing that the effects of natural resources on an economy depends on the characteristics of the natural resources, resources such as oil lend themselves to large oligopolistic producers to take advantage of technology and scale economies. Smith (1987) showed that, depending on the nature of the oligopolistic equilibrium, tariffs may or may not induce FDI, they may or may not change the market structure, and they may have pro- or anti-competitive effects. Role of policy makers - One of the crucial impediments to an efficient solution in the spectrum market is the oligopolistic structure of the telecom industry in India and the relationship with the government. |
oligopolistic |
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