oligopoly


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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 ?
THERE should be four to six atomic unions globally, as based on the theory of oligopoly it would make it easier for them to pool and disarm all their nuclear weapons at staged intervals.
Open Garden disrupts this oligopoly by enabling millions of people to become mini-ISPs and to be compensated in OG.
Warning that the industry is heading towards a monopolistic situation, he said "If customer is supreme and consumer is king, can we afford to be an oligopoly, a duapoly or a monopoly?
What mitigates this suboptimal outcome--for the most part--is that the oligopsonistic distributors have to negotiate with a small group of multimedia companies that own most of the networks and function much like an oligopoly.
Among the topics are the role and method of economics, the economic way of thinking, using supply and demand, market failure and public choice, production and costs, firms in perfectly competitive markets, monopolistic competition and oligopoly, economic growth, economic growth, aggregate demand and aggregate supply, fiscal policy, monetary institutions, the Federal Reserve and monetary policy, issues in macroeconomic theory and policy, and international economics.
We suggest that the classroom activity is first initiated prior to the teaching of oligopoly and then the instructor teaches oligopoly together with more enhanced classroom activities in accordance with a dynamics of the oligopolistic market.
It offsets the increasingly problematic air traffic, stressful airport congestion, and basic oligopoly of the old airlines.
Small businesses and firms in Israel are unhappy with rigid banking services, made worse by oligopoly.
The report distinguishes two questions: whether there is joint dominance, associated with tacit collusion, and what is the threshold to prove it; and whether we have situations where there is no tacit collusion, but uncoordinated behavior within a tight oligopoly still results in a poor outcome.
Mr Tomlinson said: "Poor customer treatment has continued as borrowers have nowhere else to turn given the oligopoly of the big banks.
Here's where it's delightful to be a business competing in a regulated oligopoly.
An oligopoly is worse than a monopoly or cartel because it is formed by several companies in the same field of business and, therefore, has a wider reach than a monopoly or a cartel.