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noun. control of a commodity or service in a given market by a small number of companies or suppliers
The Cournot-Nash model is the simplestoligopolymodel.
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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small number of suppliers; cartel; consortium
many suppliers
5 syllables
ol-i-gop-o-ly
sloppily
denapoli
duopoly
monopoly
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