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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