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. [oligo- + (mono)poly.] ol i·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
| Noun | 1. | 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 |
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