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Oligopoly |
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Oligopoly A Market characterized by a small number of producers who often act together to control the supply of a particular good and its market price.
Oligopoly What Does Oligopoly Mean? A market condition in which a particular segment of the market is controlled by a small group of firms. An oligopoly is much like a monopoly, in which only one company exerts control over most of a market. In an oligopoly, there are at least two firms controlling the market. Investopedia explains Oligopoly The retail gas market is a good example of an oligopoly because a small number of firms control a large majority of the market. Related Terms: How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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