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Definition of oligopoly
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< oligophagous
oligopsony >
ol·i·gop·o·ly
(
l
-g
p
-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:
ol
i·gop
o·lis
tic
(-l
s
t
k)
KEY
(Adjective)
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