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oligopoly

/ˌɒlɪˈɡɒpəli/

/ˌɑːlɪˈɡɑːpəli/

Translations

oligopolynoun

oligopolies

/ˌɒlɪˈɡɒpəli/

/ˌɑːlɪˈɡɑːpəli/

The telecommunications industry is often considered an oligopoly.

Телекоммуникационная отрасль часто считается олигополией.

Synonyms

oligopolyadjective

/ˌɒl.ɪˈɡɒp.ə.li/

/ˌɑː.lɪˈɡɑː.pə.li/

Used attributively before a noun (e.g., "oligopoly pricing").

Synonyms

concentrated (market)

oligopolynoun

A market structure in which a small number of firms have the majority of market share and typically dominate the industry.

The telecommunications industry in many countries is an oligopoly, with only a few companies controlling most of the market.

The group of firms that collectively dominate such a market.

The global oil oligopoly has frequently been accused of price-fixing.

oligopolyadjective

Relating to or characteristic of an oligopoly; involving a market dominated by a few sellers.

Oligopoly pricing models often assume that rival firms will match price reductions.