oligopoly

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Related to oligopolists: duopoly, Monopolistic competition

oligopoly:

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.
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oligopoly

See MONOPOLY.

Oligopoly

 

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.

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
References in periodicals archive ?
A single excluding oligopolist generally faces some pressure to
Oligopolists behaving in a legal, consciously parallel fashion could achieve high and rising prices, even as costs remained stable, by engaging in price leadership.
This means that at any stage each firm behaves as a Cournotian oligopolist on residual demand.
When an industry experiences global consolidation, the emerging international oligopolists should find themselves facing an environment of multimarket contacts.
Collusive agreements reduce the total number of decision units operating in the downstream and upstream markets and, thus, the corresponding number of oligopolists in each of them.
Refusing peering can be seen as anti-competitive: refusing peering is to make the peering arrangement an entry barrier with a few oligopolists using their market power to decide the peering arrangement.
Focusing more on how firms interact with each other, Carlin, Lobo, and Viswanathan (2004) argue that a market with a few large players will be stable most of the time, as firms choose optimally to act as cooperating oligopolists.
such markets, where it may be possible for oligopolists to reach a
Not all oligopolists rely on the exercise of monopsony, but a large and growing contingent of today's largest firms are built to do just that.
A similar expression can be obtained from standard one-stage non-cooperative oligopolists with foreign competition, (12) the difference lies in the concentration index used for this expression, while theoretical results would yield an expression with the Herfindahl concentration index, equation (8) uses the four firm concentration ratio.
128) An oligopolist, by contrast, is motivated to minimize costs by competition from other oligopolists and from fringe competitors.
Oligopolists base pricing decisions in part on anticipated reactions to such decisions; they are "interdependent" with respect to their pricing.