(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
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oligopoly::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Type of | market, market place, marketplace |
Examples of oligopoly
oligopoly
It is the truest form of an oligopoly as you are going to find in this country.
From the guardian.co.uk
The industry is turning towards having an oligopoly and very soon a monopoly.
From the bbc.co.uk
This astonishing performance underscores the casino the oligopoly has become.
From the forbes.com
What has emerged since deregulation is an oligopoly with limited price competition.
From the forbes.com
Examples are Cournot oligopoly, and Bertrand oligopoly for differentiated products.
From the en.wikipedia.org
The Big Three and the UAW probably did not doubt the immortality of their oligopoly.
From the ocregister.com
What are alternate options beyond political duopoly and corporate oligopoly?
From the economist.com
But the carrier oligopoly is being challenged by over the top data services.
From the techcrunch.com
The top tier of large law firms is an oligopoly within each regional market.
From the forbes.com
- (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
- An oligopoly (from Ancient Greek u1F40u03BBu03AFu03B3u03BFu03C2 (olu00EDgos), meaning "few", and u03C0u03C9u03BBu03B5u1FD6u03BD (polein), meaning "to sell") is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). Oligopolies can result from various forms of collusion which reduce competition and lead to higher prices for consumers. Oligopoly has its own market structure.
- (Oligopolies) Markets dominated by a few sellers who account for a large proportion of output.
- A situation that exists when a few firms dominate the world market for a particular product.
- An oligopoly exists when a few companies dominate an industry. This concentration often leads to collusion among manufacturers, so that prices are set by agreement rather than by the operation of the supply and demand mechanism. ...
- A Market characterized by a small number of producers who often act together to control the supply of a particular good and its market price.
- A market structure in which there are a small number of sellers, at least some of whose individual decisions about price or quantity matter to the others.
- A few sellers who exert market control over prices.
- Similar to a monopoly except that more than one entity dominates. In economics, a few enterprises dominate an industry, usually to conspire on prices and conditions
