n. a market condition in which the production of similar but not identical products is concentrated in a few large firms
The automobile industry is an example of a differentiated oligopoly.
The automobile industry is an example of a differentiated oligopoly.
Hear it
monopoly; cartel; corner
many producers
1 syllables
VocabClass lessons are designed to engage students, improve motivation in learning the subject matter, and generate better results. Long-term retention is our focus and by making the learning process fun, our gamified approach has a positive impact on this goal.
View all games!
Try it! FREE!