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Meaning of oligopoly

Source language: EnglishDictionary language: English

oligopoly

Pronunciation:/ɒlɪˈɡɒpəli//ɑlɪˈɡɑpəli/

noun

Definitions

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

Sources:https://en.wiktionary.org/wiki/oligopoly

Related words

oligopsonyduopolypolyopsonymonopsonymonopolyduopsonybertrand-edgeworth modelcompetitive market