noun. ['ˌɑːlɪˈgɑːpəli'] (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.
- market place
Rhymes with Oligopoly
How do you pronounce oligopoly?
Pronounce oligopoly as ˌɑlɪˈgɑpəli.
US - How to pronounce oligopoly in American English
UK - How to pronounce oligopoly in British English
Sentences with oligopoly
1. Noun, singular or mass
Companies in an oligopoly may take similar actions even if they do not formally agree to form a cartel.
An oligopoly exists when a market is dominated by just a handful of firms.