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{%type%} Definitions

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n. - (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.

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Usage examples (36)
  • Google has a mid term oligopoly on search aggregation.
  • Without controlling 100% (or at least very close to it) of the oil market, they have no shot at effectively engaging in oligopoly price setting.
  • The standard Cournot model of an oligopoly is shown not to have a phase transition, as it is equivalent to a continuum version of the Curie-Weiss model.
  • The industry is also a monopoly -- or an oligopoly, which is many firms acting like a monopoly.
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