oligopoly

play
noun ol·i·gop·o·ly \ˌä-lə-ˈgä-pə-lē, ˌō-\

Definition of oligopoly

  1. :  a market situation in which each of a few producers affects but does not control the market

oligopolist

play \ˌä-lə-ˈgä-pə-list, ˌō-\ noun

oligopolistic

play \ˌä-lə-ˌgä-pə-ˈli-stik, ˌō-\ adjective

Origin and Etymology of oligopoly

olig- + -poly (as in monopoly)


First Known Use: 1895


Law Dictionary

oligopoly

play
noun ol·i·gop·o·ly \ˌä-li-ˈgä-pə-lē, ˌō-\

Legal Definition of oligopoly

plural

oligopolies

  1. :  a condition in which a few sellers dominate a particular market to the detriment of competition by others


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