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 ).

Origin:
1890–95; oligo- + (mono)poly

oligopolistic [ol-i-gop-uh-lis-tik] , adjective
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World English Dictionary
oligopoly (ˌɒlɪˈɡɒpəlɪ)
 
n , pl -lies
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]
 
oligopo'listic
 
adj

Collins English Dictionary - Complete & Unabridged 10th Edition
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Etymonline
Word Origin & History

oligopoly
1895, from Gk. oligos "little, small," in plural, "few" + polein "to sell" (see monopoly).
Online Etymology Dictionary, © 2010 Douglas Harper
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American Heritage
Cultural Dictionary
oligopoly [(ol-i-gop-uh-lee, oh-li-gop-uh-lee)]

Control over the production and sale of a product or service by a few companies.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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