oligopoly

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Related to oligopolists: duopoly, Monopolistic competition

ol·i·gop·o·ly

 (ŏl′ĭ-gŏp′ə-lē, ō′lĭ-)
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.


ol′i·gop′o·lis′tic (-lĭs′tĭk) adj.

oligopoly

(ˌɒlɪˈɡɒpəlɪ)
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
[C20: from oligo- + Greek pōlein to sell, on the model of monopoly]
ˌoliˌgopoˈlistic adj

ol•i•gop•o•ly

(ˌɒl ɪˈgɒp ə li)

n., pl. -lies.
a market situation in which prices and other factors are controlled by a few sellers.
[1890–95; oligo- + (mono) poly]
ol`i•gop`o•lis′tic, adj.

oligopoly

the market condition that exists when there are few sellers. — oligopolistic, adj.
See also: Trade

oligopoly

The control of a market by a small number of suppliers of goods or services.
ThesaurusAntonymsRelated WordsSynonymsLegend:
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
References in periodicals archive ?
While such a strategy works for internet startups, there are myriad different potential buyers for such entities, and not just a handful of oligopolists.
It turns out that telecom operators are not very keen on Silicon Valley oligopolists getting a free ride on the back of their infrastructure investments.
Because this is so, there cannot be any system to which the leading oligopolists, unlike the remainder of the states, are subject against their wishes.
OECD 1998, supra note 3, at 29; Julius Cavendish, Among the Oligopolists, GLOB.
They are now considered by many as outdated and damaging protectionist measures that discourage foreign investments and facilitate rent-seeking by local oligopolists,' the OECD said.
Lebanon also never really benefited from the fruits of free trade because the World Trade Organization accession was halted once oligopolists realized obligatory competition regulation would run contrary to the moneyed interests that keep prices up and wages stagnant.
In most cases, industries will evolve into a much more diverse architecture of horizontal layers: shared infrastructure on the bottom, producing and consuming communities on the top, and traditional oligopolists competing in the middle.
Whereas Adams describes the rise of the complex from the situation in which, "having dismantled the arsenals it did have, the government is forced to buy what it no longer can make" and government "confronts powerful oligopolists in a market where technical capability rather than price is the controlling variable" ("The Military-Industrial Complex," 655), Epstein shows that there was no lack of competition in the torpedo industry.
Geoff Harcourt (2012: 17) relates how the article was '[T]he single most influential article of my undergraduate years' and stimulated him to write a dissertation that focused on replacing the competitive behaviour of John Maynard Keynes's (1936) General Theory with price-setting behaviour by Rothschild's strategic oligopolists.
A democratization of wealth is drastically needed and the oligarchs and oligopolists need to be tamed and defanged.
While the total number of firms does expand with the size of the market, this expansion is reflected entirely in a fringe of low quality stores that do not compete with the natural oligopolists.