Oligopoly

Quick meaning: Oligopoly is a noun meaning (economics) An economic condition in which a small number of sellers exert control over the market of a commodity.

Meaning

(economics) An economic condition in which a small number of sellers exert control over the market of a commodity.

Example Sentences

For the sheep are falling into few and powerful hands; and these, if they have not a monopoly, have at least an oligopoly, and can keep up the price.

The major difference between pure and differentiated oligopoly cases is that in pure oligopolies less "shock" is needed to alter the organization of the market.

Because of the ease of collusion, particularly price fixing, duopolies and oligopolies easily produce outcomes as bad for the general public as outright monopolies.

[Thomas] More makes an antithesis between monopolium and oligopolium. We have ‘monopoly,’ but not ‘oligopoly’ (the sale by a few), and so cannot preserve the point of the sentence.

Word Forms

• oligopolies

Related Words

Related dictionary entries include oligopsony, duopoly, polyopsony, monopsony, monopoly, duopsony.

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