Mar 23, 2026 · An oligopoly is a market model where a few firms dominate, often resulting in shared industry influence and reduced competitive pressures.

An oligopoly (from Ancient Greek ὀλίγος (olígos) 'few' and πωλέω (pōléō) 'to sell') is a market in which pricing control lies in the hands of a few sellers. [1][2]

Jan 20, 2020 · Oligopoly is a market structure in which a few firms dominate, for example the airline industry, the energy or banking sectors in many developed nations.

An oligopoly in economics refers to a market structure comprising multiple big companies that dominate a particular sector through restrictive trade practices, such as collusion and market sharing.

Jul 17, 2024 · Oligopoly is an economic term that describes a market structure wherein only a select few market participants compete with each other.

Dec 17, 2025 · Oligopoly is a market structure that is characterized by a small number of firms dominating the market. This structure is often seen in industries such as telecommunications, …

oligopoly, market situation in which each of a few producers affects but does not control the market. Each producer must consider the effect of a price change on the actions of the other producers.

Oligopoly arises when a small number of large firms have all or most of the sales in an industry. Examples of oligopoly abound and include the auto industry, cable television, and commercial air travel.

Oct 31, 2025 · What is an Oligopoly? An oligopoly is a market structure in which a small number of firms dominate the industry, influencing prices, supply, and market trends. This differs from monopolies, …

Oligopoly refers to competition among ‘few’ or, to be more specific, among a few dominant firms. An oligopolist is not a big enough part of the market (like a monopolist) to be able to act as a price-maker.