C2 noun #141,780 most common

oligopoly

UK /ɒlɪˈɡɒpəli/ | US /ɒlɪˈɡɒpəli/

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

oligopoly in 30 Seconds

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

Meanings

  1. 1
    noun An economic condition in which a small number of sellers exert control over the market of a commodity.
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