oligopoly Meaning and Definition
1. 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
An oligopoly (from Ancient Greek ὀλίγος (olígos), meaning "few", and πωλεῖν (polein), meaning "to sell") is a market form in which a market or industry is dominated by a small number of sellers (oligopolists).
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