oligopoly.
An economic condition in which a small number of sellers exert control over the market of a commodity.
Meaning & usage
An economic condition in which a small number of sellers exert control over the market of a commodity.
Because of the ease of collusion, particularly price fixing, duopolies and oligopolies easily produce outcomes as bad for the general public as outright monopolies.
Where this word comes from
PIE word *h₃ligos From oligo- (prefix meaning ‘few; several’) + -poly (suffix meaning ‘pertaining to the number of sellers in a market’), by analogy with monopoly.
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Definitions, grammatical labels, IPA, etymology and examples: Wiktionary contributors, extracted by Kaikki / Wiktextract. Adapted under CC BY-SA 4.0. Selected fields and authored examples are shown; third-party quotations and audio are omitted. See contributor history.
Last enriched 2026-09-10. Definitions are in English. Romanizations are shown when supplied by the source; syllable estimates are omitted for unsupported scripts.