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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.
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]
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.
the market condition that exists when there are few sellers. — oligopolistic, adj.See also: Trade
The control of a market by a small number of suppliers of goods or services.
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|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"