oligopoly

Phonetic Respelling: [ ol-i-gop-uh-lee ]

Definition:

n. control of a commodity or service in a given market by a small number of companies or suppliers

Sentence:

The Cournot-Nash model is the simplest oligopoly model.

More example sentences:

The Cournot-Nash model is the simplest oligopoly model.

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The automobile industry is an example of a differentiated oligopoly.

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Prices tend to be uniform in a homogeneous oligopoly.

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Synonyms:

small number of suppliers; cartel; consortium

Antonyms:

many suppliers

Oligopoly rhymes:

• Three Syllable Rhymes
  • sloppily
• Four Syllable Rhymes
  • denapoli
  • duopoly
  • monopoly