oligopoly
pronunciation
How to pronounce oligopoly in British English:
UK [ˌɒlɪˈgɒp(ə)li]
How to pronounce oligopoly in American English:
US [ˌɑlɪˈgɑpəli]
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- Noun:
- (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
Word Origin
- oligopoly (n.)
- 1887, from Medieval Latin oligopolium, from Greek oligos "little, small," in plural, "the few" (see oligo-) + polein "to sell" (see monopoly).
Example
- 1. This industry is ruled by only 60 companies which have created an oligopoly .
- 2. Internal economies generate an oligopoly market structure .
- 3. Horizontal merger with capacity constraint in cournot oligopoly .
- 4. In the past , the chinese have complained loudly that the miners behave like an unaccountable oligopoly .
- 5. Since liquidity has proved most important to derivatives traders , the market leans towards a natural oligopoly .