OLIGOPOLY

oligopoly (ol-[schwa]-gop-[schwa]-lee), n. Control or domination of a market by a few large sellers, creating high prices and low output similar to those found in a monopoly. Cf. MONOPOLY. — oligopolistic, adj. — oligopolist, n. “One reason for the difficulty in describing and delimiting oligopoly power is the large number of variables that confront any […]