OLIGOPOLY

oligopoly

(noun) (economics) a market in which control over the supply of a commodity is in the hands of a small number of producers and each one can influence prices and affect competitors

Source: WordNet® 3.1

Etymology

Noun

oligopoly (plural oligopolies)

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

Source: Wiktionary

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