Business Terms and Jargon Explained

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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PIN Book value Patch
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Term created / updated 2005-08-02 23:10:48

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