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oligopoly
(redirected from oligopolistic)

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
ol·i·gop·o·ly  (l-gp-l, l-)
n. pl. ol·i·gop·o·lies
A market condition in which sellers are so few that the actions of any one of them will materially affect price and have a measurable impact on competitors.


oli·gopo·listic (-lstk) adj.

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
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.oligopoly - (economics) a market in which control over the supply of a commodity is in the hands of a small number of producers and each one can influence prices and affect competitors
market, marketplace, market place - the world of commercial activity where goods and services are bought and sold; "without competition there would be no market"; "they were driven from the marketplace"
economic science, economics, political economy - the branch of social science that deals with the production and distribution and consumption of goods and services and their management
Translations
oligopoly [ˌɒlɪˈgɒpəlɪ] Noligopolio m


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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.
 
 
 
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