(redirected from oligopolist)
Also found in: Dictionary, Thesaurus, Legal, Financial.


see monopolymonopoly
, market condition in which there is only one seller of a certain commodity; by virtue of the long-run control over supply, such a seller is able to exert nearly total control over prices.
..... Click the link for more information.





a term used in bourgeois economics to designate a form of market structure in developed capitalist countries. Under oligopolistic conditions several large firms monopolize the bulk of production and marketing and conduct nonprice competition among themselves. The term “oligopoly” was introduced by the English writer T. More, the founder of Utopian socialism, in his Utopia (1516). A mixture of monopoly and competition, oligopoly is characteristic of almost all branches of present-day capitalist mass production.


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
References in periodicals archive ?
Parallel exclusion may also be implemented in dominant strategies when the excluders are not competing oligopolists, but monopolists.
For a fringe firm, the denominator of (2) is smaller than the denominator of the symmetric Cournot oligopolist by the positive amount (2n + 1)b for k = n/2 + 1 where n is even, or by the positive amount bn for k = (n + 1)/2 + 1 where n is odd.
its fellow oligopolists created multiple similar sugar cereals,
George Stigler sought to reconcile the hypothesis that oligopolists wish to collude to maximize joint profits "with facts, such as that collusion is impossible for many firms and collusion is much more effective in some circumstances than in others.
First, he defines the general conditions and motivations that make it possible and desirable for oligopolists that have only equity in their capital structure to engage in collusion.
88) An economist then is needed to testify that oligopolists need not enter explicit agreements for their tacit behavior to have a noncompetitive character (and therefore impose social costs).
If the three firms competed as Cournot oligopolists then each firm would have produced an output of 1/4.
This causes the other oligopolists to realize that, unless they charge a lower price than planned, they will lose sales to the tying firm for those consumers who value the monopoly-supplied product.
In the twenty first century, capitalist governments or state agencies are not the only sources of market regulation--much regulation and reconstruction of markets is undertaken by the monopolists, monopsonists, oligopolists and oligopsonists who normally dominate capitalism.
The answer is yes, but only if one makes strong, restrictive assumptions about firms' behavior, such as assuming that firms behave as Cournot oligopolists.
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.
According to Caves (1971), MNEs are oligopolists having intangible capital in the form of trademarks, patents, special skills, and/or other organizational abilities.