oligopoly
n. scarceness of merchants, partial monopoly over market prices | ||||
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Oligopoly definition was found in categories: Business & Finance(3) Language, Idioms & Slang(1) Science & Technology(1) Social Science(2) Encyclopedia(1)
Oligopoly Definition from Business & Finance Dictionaries & Glossaries
| Campbell R. Harvey's Hypertextual Finance Glossary |
Oligopoly
A market characterized by a small number of producers who often act together to control the supply of a particular good and its market price.
A market characterized by a small number of producers who often act together to control the supply of a particular good and its market price.
| MONASH Marketing Dictionary |
Oligopoly
a market situation in which there are only a few sellers; in an oligoplistic situation the marketing action of one firm will have a direct effect on the others.
a market situation in which there are only a few sellers; in an oligoplistic situation the marketing action of one firm will have a direct effect on the others.
| Raynet Business & Marketing Glossary |
Oligopoly
a market with only a few sellers (see monopoly, duopoly).
a market with only a few sellers (see monopoly, duopoly).
Oligopoly Definition from Language, Idioms & Slang Dictionaries & Glossaries
| WordNet 2.0 |
oligopoly
Noun
1. (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
(hypernym) market, marketplace
(classification) economics, economic science, political economy
Noun
1. (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
(hypernym) market, marketplace
(classification) economics, economic science, political economy
Oligopoly Definition from Science & Technology Dictionaries & Glossaries
| Energy Glossary |
OLIGOPOLY
A few sellers who exert market control overprices.
A few sellers who exert market control overprices.
| Environmental Economics Glossary |
Oligopoly
A market structure with just a few firms controlling a high percentage of total sales.
A market structure with just a few firms controlling a high percentage of total sales.
| Glossary of Sociology |
OLIGOPOLY
A situation in which a small number of firms dominate a given industry or market. When four or fewer firms supply fifty percent or more of a given market the effects of oligopoly become apparent. These effects are reputed to be a rise in price and a lowering of quality because of the decline of competition (see also MONOPOLY)
A situation in which a small number of firms dominate a given industry or market. When four or fewer firms supply fifty percent or more of a given market the effects of oligopoly become apparent. These effects are reputed to be a rise in price and a lowering of quality because of the decline of competition (see also MONOPOLY)
Oligopoly Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Oligopoly
An oligopoly is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). The word is derived from the Greek for few sellers. Because there are few participants in this type of market, each oligopolist is aware of the actions of the others. The decisions of one firm influence, and are influenced by the decisions of other firms. Strategic planning by oligopolists always involves taking into account the likely responses of the other market participants. This causes oligopolistic markets and industries to be at the highest risk for collusion.
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