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oligopoly
 

Definitions from WordNet

Noun oligopoly has 1 sense
  1. oligopoly - (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
    --1 is a kind of     market, marketplace

Definitions from the Web

Oligopoly

Definition

An oligopoly refers to a market structure where a few large companies dominate the market for a particular product or service.

Examples

  • The smartphone industry is an oligopoly with Apple and Samsung as dominant players.
  • In the airline industry, a few major airlines control most of the market, resulting in an oligopoly.

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