A market dominated by a small number of participants who are able to collectively exert control over supply and market prices.

Use oligopoly in a sentence

You should try and figure out any way you can to break in to an oligopoly and become one of the major players.

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They operated a veritable oligopoly, much to the chagrin of any up and coming start-ups who wanted to break into the market.

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We've got to do something to find a way to break into this emerging market, because as it stands we've got an oligopoly on our hands.

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Bertrand competition market structure