Definition of Oligopoly

an economic market structure where a few companies or countries control all of the goods and services

Examples of Oligopoly in a sentence

After three main companies bought up all of the houses, the real estate market in the area became somewhat of an oligopoly.  🔊

The railroad industry was once an oligopoly as only a few corporations had a stake in the operations.  🔊

A couple of large law firms have formed an oligopoly that other attorneys had a hard time breaking through.  🔊

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