Definitions for oligopolyˌɒl ɪˈgɒp ə li
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.
Origin of oligopoly:
1890–95; oligo - + (mono )poly
(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 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.