Defenition of the word oligopoly

• Defenition of the word oligopoly

  • An economic condition in which a small number of sellers exert control over the market price of a commodity.
  • (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

Hypernyms for the word oligopoly

• • market
  • market place
  • marketplace

See other words

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