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Definition of oligopoly


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ol·i·gop·o·ly  audio  (l-gp-l, l-) KEY  

NOUN:
pl. ol·i·gop·o·lies
A market condition in which sellers are so few that the actions of any one of them will materially affect price and have a measurable impact on competitors.

ETYMOLOGY:
oligo- + (mono)poly

OTHER FORMS:
oli·gopo·listic   (-lstk) KEY  (Adjective)


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The American Heritage® Dictionary of the English Language, Fourth Edition.
Copyright © 2000 by Houghton Mifflin Company.
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