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  2. Dictionary

    ol·i·gop·o·ly
    [ˌäləˈɡäpəlē, ˌōləˈɡäpəlē]
    noun
    oligopoly (noun) · oligopolies (plural noun)
    1. a state of limited competition, in which a market is shared by a small number of producers or sellers.
    Origin
    1930s: from oligo- ‘small number’, on the pattern of monopoly.
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  3. An oligopoly (from Ancient Greek ὀλίγος (olígos) 'few', and πωλέω (pōléō) 'to sell') is a market in which control over an industry lies in the hands of a few large sellers who own a dominant share of the market. Oligopolistic markets have homogenous products, few market participants, and inelastic demand for the products in those industries.
    en.wikipedia.org/wiki/Oligopoly
    An oligopoly occurs when multiple companies, businesses, or firms in a specific industry become so influential that it discourages the creation of new firms. The oligopolists have power as a group but cannot do enough on their own to shift the balance of power within the oligopoly.
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