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  2. Medieval Latin oligopolium

    oligopoly (n.) "a state of limited competition in which a market is shared by a few producers or sellers," 1887, from Medieval Latin oligopolium, from Greek oligos "little, small," in plural, "the few" (a word of uncertain origin) + pōlein "to sell" (from PIE root *pel- (4) "to sell.").
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    What does oligopoly mean?oligopoly (n.) "a state of limited competition in which a market is shared by a few producers or sellers," 1887, from Medieval Latin oligopolium, from Greek oligos "little, small," in plural, "the few" (a word of uncertain origin) + pōlein "to sell" (from PIE root *pel- (4) "to sell."). Related: Oligopolist. adapted from books.google.com/ngrams/.
    What are the characteristics of an oligopoly?An **oligopoly** is a market structure where a **small number of firms** dominate an industry. Let's delve into its key characteristics: 1.**Interdependence**: In an oligopoly, firms closely monitor eachAn **oligopoly** is a market structure where a **small number of firms** dominate an industry. Let's delve into its key characteristics: 1.**Interdependence**: In an oligopoly, firms closely monitor each
    Includes AI generated content
    Where did oligopoly come from?Oligopoly comes from the ancient Greek oligo-, for "few," and pole, for "merchant," but the term wasn't invented until the late 19th century. In an economic oligopoly, only a few producers control the supply of something (like steel, cars, or clown suits), and each one has a lot of influence over prices.
    What is oligopoly theory?The central analytical problem with which the theory of oligopoly is concerned is how each of the few sellers reacts to the economic activities of its rivals in order to bring about determinate equilibrium solutions.
     
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