from The American Heritage® Dictionary of the English Language, 4th Edition
- n. A market condition in which sellers are so few that the actions of any one of them will materially affect price and have a measurable impact on competitors.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. An economic condition in which a small number of sellers exert control over the market of a commodity.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. (economics) a market in which control over the supply of a commodity is in the hands of a small number of producers and each one can influence prices and affect competitors
Google has a mid term oligopoly on search aggregation.
Without controlling 100% (or at least very close to it) of the oil market, they have no shot at effectively engaging in oligopoly price setting.
The standard Cournot model of an oligopoly is shown not to have a phase transition, as it is equivalent to a continuum version of the Curie-Weiss model.
The industry is also a monopoly -- or an oligopoly, which is many firms acting like a monopoly.
The music industry is nothing but an oligopoly, which is a group of big companies acting as a monopoly.
For the record, oligopsony is the flip side of oligopoly, that is, a small number of buyers, in this case, of labor services.
And don't be fooled by the dictionary definition that "oligopoly" does not control the market.
Everything they will suggest plays right into the hands of the pockets of the medical oligopoly which is lead by the monopolistic AMA.
Think now of placing some kind of oligopoly game into a business oriented version of World of Warcraft "World of Bizcraft."
Many special problems have been attacked such as oligopoly (markets with few sellers) which could never be adequately treated by conventional methods.
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