First Known Use: 1895
Dictionary
oligopoly
noun ol·i·gop·o·ly \-ˈgä-pə-lē\
Definition of OLIGOPOLY
: a market situation in which each of a few producers affects but does not control the market
— ol·i·gop·o·list \-list\ noun
— ol·i·gop·o·lis·tic \-ˌgä-pə-ˈlis-tik\ adjective
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Origin of OLIGOPOLY
olig- + -poly (as in monopoly)
Other Economics Terms
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