oligopoly

noun

ol·​i·​gop·​o·​ly ˌä-lə-ˈgä-pə-lē How to pronounce oligopoly (audio)
ˌō-
: a market situation in which each of a few producers affects but does not control the market
oligopolist noun
oligopolistic adjective

Examples of oligopoly in a Sentence

Recent Examples on the Web What the United States and other countries around the world need instead are policies that encourage private competition by supporting young people and startups rather than protecting aging incumbents—the oligopolies, billionaires, and tycoons who now dominate the American system. Ruchir Sharma, Foreign Affairs, 17 Sep. 2024 Because the computing requirements to train the most advanced AI models are so intense, the industry is moving toward an oligopoly. Paul Scharre, TIME, 14 Sep. 2024 This vertical integration system triggered a major antitrust case that resulted in a 1948 U.S. Supreme Court decision that effectively broke up the studio oligopolies. Christi Carras, Los Angeles Times, 12 June 2024 This dominance meant that large firms could operate as an oligopoly—keeping prices relatively stable through the 1960s. Gregory Brew, Foreign Affairs, 13 July 2022 See all Example Sentences for oligopoly 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'oligopoly.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

Etymology

olig- + -poly (as in monopoly)

First Known Use

1895, in the meaning defined above

Time Traveler
The first known use of oligopoly was in 1895

Dictionary Entries Near oligopoly

Cite this Entry

“Oligopoly.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/oligopoly. Accessed 5 Nov. 2024.

Legal Definition

oligopoly

noun
ol·​i·​gop·​o·​ly ˌä-li-ˈgä-pə-lē, ˌō- How to pronounce oligopoly (audio)
plural oligopolies
: a condition in which a few sellers dominate a particular market to the detriment of competition by others

More from Merriam-Webster on oligopoly

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