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oligopoly

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia, Hutchinson 0.04 sec.
oligopoly: see monopoly monopoly (mənōp`əlē)
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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.
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How is it that the oligopoly of the big networks allowed Fox News in their chicken coop?
Losing their monopoly by Crumpley, Charles / Los Angeles Business Journal
A lot of economists are promoting free trade, but a lot of the things going on in the coffee market are counter to free trade, such as the oligopoly of companies that control the industry.
Grounds for change: the tempest brewing in your morning cup by Howard, Brian C. / E
In a move likely to end in virtual oligopoly, call center agents may have to take reservations for all members of the alliance.
High flying solutions for the air transport industry by Corbett, James A. / Japan Inc.
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