Definition of Oligopoly

1. Noun. (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.

Generic synonyms: Market, Market Place, Marketplace
Category relationships: Economic Science, Economics, Political Economy



Definition of Oligopoly

1. Noun. An economic condition in which a small number of sellers exert control over the market of a commodity. ¹

¹ Source: wiktionary.com

Definition of Oligopoly

1. [n -LIES]

Oligopoly Pictures

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Lexicographical Neighbors of Oligopoly

oligopetalous
oligophagies
oligophagous
oligophagy
oligophenylene
oligophenylenes
oligophosphoglyceroyl-ATP 3'-phosphodiesterase
oligophrenia
oligoplastic
oligopnea
oligopolies
oligopolist
oligopolistic
oligopolists
oligopolize
oligopoly (current term)
oligopolymer
oligopolymers
oligopotency
oligopotent
oligopsonies
oligopsonistic
oligopsony
oligoptyalism
oligoria
oligoribonuclease
oligoribonucleotide
oligoribonucleotides
oligos
oligosaccharide

Literary usage of Oligopoly

Below you will find example usage of this term as found in modern and/or classical literature:

1. The Essence of Stigler by George Joseph Stigler, Kurt R. Leube, Thomas Gale Moore (1986)
"I. THE TASK OF COLLUSION A satisfactory theory of oligopoly cannot begin with assumptions concerning the way in which each firm views its interdependence ..."

2. Increased Debt and Product Market Competition: An Empirical Analysis by Gordon M. Phillips (1993)
"Under any theory of oligopoly, changes in the elasticity of demand shift the perceived marginal revenue of firms. The industry equilibrium price and ..."

3. Rebel Bookseller: How To Improvise Your Own Indie STore And Beat Back The Chains by Andrew Laties (2005)
"Art and oligopoly—the historical comparison: "The two-pronged control of severely limited numbers of [eighteenth-century London] theatre patents on the one ..."

4. U. S. Credit Card Industry: An Assessment of Its Competetiveness by DIANE Publishing Company (1994)
"An industry dominated by several large firms is called an oligopoly. Although there is no single explanation for how prices charged to consumers are ..."

5. Divided by Information?: The "digital Divide" and the Implications of the by Perri 6, Ben Jupp (2001)
"The economics of media may be leading inexorably toward global oligopoly in which prices will rise without the contrary pressures of competition. ..."

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