OLIGOPOLY

Oligopoly

An oligopoly is a market form in which a market or industry is dominated by a small number of sellers . Oligopolies can result from various forms of collusion which reduce competition and lead to higher costs for consumers.

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oligopoly

Noun

  1. An economic condition in which a small number of sellers exert control over the market of a commodity.


The above text is a snippet from Wiktionary: oligopoly
and as such is available under the Creative Commons Attribution/Share-Alike License.

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