Definitions for oligopolyˌɒl ɪˈgɒp ə li
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Random House Webster's College Dictionary
ol•i•gop•o•lyˌɒl ɪˈgɒp ə li(n.)(pl.)-lies.
a market situation in which prices and other factors are controlled by a few sellers.
Category: Business
Origin of oligopoly:
1890–95; oligo - + (mono )poly
ol`i•gop`o•lis′tic(adj.)
Princeton's WordNet
oligopoly(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
Wiktionary
oligopoly(Noun)
An economic condition in which a small number of sellers exert control over the market of a commodity.
Origin: Derived, by analogy with monopoly, from the Greek ὀλίγοι + πωλειν.
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