Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
1,762,190,191 visitors served.
forum mailing list For webmasters
?
New: Language forums
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

oligopoly
(redirected from oligopolist)

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia, Hutchinson 0.02 sec.
oligopoly: see monopoly monopoly (mənōp`əlē)
..... Click the link for more information.
.

oligopoly

Market situation in which producers are so few that the actions of each of them have an impact on price and on competitors. Each producer must consider the effect of a price change on the others. A cut in price by one may lead to an equal reduction by the others, with the result that each firm will retain about the same share of the market as before but with a lower profit margin. Competition in oligopolistic industries thus tends to manifest itself in nonprice forms such as advertising and product differentiation. Oligopolies in the U.S. include the steel, aluminum, and automobile industries. See also cartel, monopoly.


oligopoly
Economics a market situation in which control over the supply of a commodity is held by a small number of producers each of whom is able to influence prices and thus directly affect the position of competitors


How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Email
Feedback
? Mentioned in ? References in periodicals archive
 
The problem with this expanded property creation scheme, he (rather lamely) suggests, is that the property being created is gobbled up by a few rapacious oligopolists.
Encarnation and Mason acknowledge the utility of foreign pressure, from multinational corporations (MNCs), such as IBM and Coca Cola, rather than from the American government, but add that, "according to our several case studies, the Japanese state seldom reacted to the direct pressure of American MNCs but responded instead to foreign pressures aggressively mediated by those Japanese oligopolists who typically sought the assets and skills that foreign firms controlled.
When forced to take sides in the civil war, most merchant oligopolists of the Merchant Venturers Society favored the King, many shopkeepers and craftsmen favored Parliament.
 
Encyclopedia browser? ? Full browser
 
 
Encyclopedia
?

Disclaimer | Privacy policy | Feedback | Copyright © 2009 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.