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oligopoly
ol·i·gop·o·ly
[
òlli góppəlee
]
(
plural
ol·i·gop·o·lies
)
noun
Definition:
small number of sellers:
an economic condition in which there are so few suppliers of a product that one supplier's actions can have a significant impact on prices and on its competitors
[
Late 19th century. <oligo- + monopoly
]
ol·i·gop·o·lis·tic
[
òlli gopə lístik
]
adjective
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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