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View synonyms for oligopoly
oligopoly
[ ol-i-gop-uh-lee ]
noun
- the market condition that exists when there are few sellers, as a result of which they can greatly influence price and other market factors. Compare duopoly, monopoly ( def 1 ).
oligopoly
/ ˌɒlɪˈɡɒpəlɪ /
noun
- 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
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Derived Forms
- ˌoliˌgopoˈlistic, adjective
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Other Words From
- ol·i·gop·o·lis·tic [ol-i-gop-, uh, -, lis, -tik], adjective
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Word History and Origins
Origin of oligopoly1
First recorded in 1890–95; oligo- + (mono)poly
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Word History and Origins
Origin of oligopoly1
C20: from oligo- + Greek pōlein to sell, on the model of monopoly
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Example Sentences
On the other hand, Israel's banking oligopoly feels to ordinary consumers like a protection racket.
From The Daily Beast
It worked in broadcast TV, when we had three big networks and they operated an oligopoly.
From The Daily Beast
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