oligopoly

noun

ol·​i·​gop·​o·​ly ˌä-lə-ˈgä-pə-lē How to pronounce oligopoly (audio)
ˌō-
: a market situation in which each of a few producers affects but does not control the market
oligopolist noun
oligopolistic adjective

Examples of oligopoly in a Sentence

Recent Examples on the Web This vertical integration system triggered a major antitrust case that resulted in a 1948 U.S. Supreme Court decision that effectively broke up the studio oligopolies. Christi Carras, Los Angeles Times, 12 June 2024 This dominance meant that large firms could operate as an oligopoly—keeping prices relatively stable through the 1960s. Gregory Brew, Foreign Affairs, 13 July 2022 By 2019, the major Hollywood agencies had been consolidated into an oligopoly of four companies that controlled more than 75 percent of WGA writers’ earnings. Daniel Bessner, Harper's Magazine, 21 Mar. 2024 The oligopoly asks only that no one interfere with corporate imperatives. Matthew Jordan, The Conversation, 1 Feb. 2024 See all Example Sentences for oligopoly 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'oligopoly.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

Etymology

olig- + -poly (as in monopoly)

First Known Use

1895, in the meaning defined above

Time Traveler
The first known use of oligopoly was in 1895

Dictionary Entries Near oligopoly

Cite this Entry

“Oligopoly.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/oligopoly. Accessed 27 Jul. 2024.

Legal Definition

oligopoly

noun
ol·​i·​gop·​o·​ly ˌä-li-ˈgä-pə-lē, ˌō- How to pronounce oligopoly (audio)
plural oligopolies
: a condition in which a few sellers dominate a particular market to the detriment of competition by others

More from Merriam-Webster on oligopoly

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