Business terms and jargon explained. Your business dictionary

What is Oligopoly

This is a market condition where there are a few companies that supply the product or service. They have a great influence on the price and any movement in the number of suppliers will have an impact on the price. This is different from monopoly where there is only one company that controls the market.

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Term created / updated 2005-08-02 23:10:48

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