Meaning Of The Word Oligopoly

Real Dictionary

What's the definition of Oligopoly? Find Oligopoly meanings, definitions and more at the Real Dictionary online.

Oligopoly Meaning

Oligopoly Definition
Oligopoly Definition

What's The Definition Of Oligopoly?

oligopoly in American English
control of a commodity or service in a given market by a small number of companies or suppliers
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

oligopoly in British English
noun: 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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