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 ?
The Philippine internet is a duopoly, which means two oligopolists. An oligopoly is a market setup where there are many buyers, but there are only two suppliers for the whole market.
Tonu Puu (1996) [8] simulated the dynamic process with three oligopolists. Though it is unstable, the process found the Cournot equilibrium point of three oligopolists.
While such a strategy works for internet startups, there are myriad different potential buyers for such entities, and not just a handful of oligopolists.
North Dakota, it turns out, may be the beneficiary of apparently protectionist legislation that has prevented its pharmacies from falling into the hands of large oligopolists. In this manner, it has preserved competition among the many diverse pharmacy owners.
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.
It is an insight that helps to explain diverse phenomena: monopolists and oligopolists restricting supply in order to raise prices; firms using want-creating commercial advertising to foster consumerism; financial businesses advancing credit to boost effective demand (and debt); and the extreme inequality in the distribution of income that keeps many people in desperate need while other parts of the society become almost indescribably wealthy.
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.
(43.) 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.