One of the mysteries of the English language finally explained.
A state of limited competition, in which a market is shared by a small number of producers or sellers.
- ‘Anyone who knows anything about neoclassical microeconomics knows that consumers are at the mercy of privately-owned monopolies and oligopolies due to the lack of competition.’
- ‘Theoretically, Weber's method may hold for the market structures of full competition and monopoly, but in oligopolies, or competition among the few, at least a much more complicated concept of rationality seems to be warranted.’
- ‘Meanwhile, liberalization raised competitive intensity across the globe by eliminating existing barriers to the movement of goods and money across borders that protected the market power of national oligopolies.’
- ‘This would be a direct challenge to the market power of established oligopolies.’
- ‘Market concentration is economic power based on the level of monopoly or oligopoly that Chaebol affiliates hold in the markets of their respective areas of business.’
- ‘But without the proper rules, healthy capitalist markets turn into sluggish oligopolies, and that is what's happening in media today.’
- ‘Google currently has the luxury of being inefficient because of its enviable position as the most powerful member of an oligopoly controlling an exploding market.’
- ‘Mr Mosho said that commercial banks might be colluding making the market into an oligopoly with little benefit to the consumers.’
- ‘ManufacturingCo competes in internationalised oligopolies in its core power systems businesses.’
- ‘The most profound change to occur in the television industry in the 1980s and 1990s was the rise of competition to the network oligopoly from cable programmers.’
- ‘An oligopoly market is dominated by a small number of sellers who provide a large share of the total market output.’
- ‘For the rest of the farming community, the future is precarious, with economic independence destroyed by market oligopolies, and by the decline in flexibility and choice which this entails.’
- ‘With limited competition, or oligopolies, the various players within a particular industry will most likely have different cost structures.’
- ‘What drives our economy to switch from a period of innovation to oligopolies and lock ins?’
- ‘The oligopoly concentrated on marketing and increasing engine power in the postwar decades, choking off European innovations like front-wheel drive, radial tires, and disk brakes.’
- ‘Industry consolidation and a trend toward market oligopoly have also marked the evolutionary paths of numerous other industries.’
- ‘That has made it easy for monopolies and oligopolies.’
- ‘The company's five biggest competitors had already signed up, but this firm - the sixth company in the industry oligopoly - was resisting the opportunity.’
- ‘In both nations, the backbone service market is an oligopoly with dominant incumbents, so we rate them even.’
- ‘By selling them, the government will be establishing essentially unregulated privately owned monopolies and oligopolies; and there are few things worse, economically speaking, than such beasts.’
Late 19th century: from oligo- ‘small number’, on the pattern of monopoly.
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