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oligopoly
noun
ol·i·gop·o·ly ˌä-lə-ˈgä-pə-lē 
ˌō-
: a market situation in which each of a few producers affects but does not control the market
Example Sentences
Recent Examples on the Web This is the predicted result of a subsidy when suppliers have market power—as the electric-vehicle oligopoly does—and when there is excess demand for the product. 
Tomas J . Philipson, WSJ, 15 Sep. 2022 The prescription hearing-aid industry, led by an oligopoly known as the Big Five that controls more than 90 percent of the market for hearing aids, failed to stop the bill. Timothy Noah, The New Republic, 30 June 2022 Unlike the evil oligarchy of ancient Athens, the A.I. oligopoly set out to do good. Wendell Wallach, Fortune, 16 June 2022 Both Biden and Congress seek to blame an anti-competitive oligopoly of foreign shipping lines for colluding to artificially raise prices on American consumers. Nicolás Rivero, Quartz, 17 June 2022 But against that, consider that Micron is part of an oligopoly in memory chips. John Dorfman, Forbes, 16 May 2022 Each warned that the cloud oligopoly carries risks for customers if the sector becomes lethargic, but none called for a government crackdown. Jacob Carpenter, Fortune, 8 Mar. 2022 No other market in the world is left to function with so little oversight and with such asymmetrical terms in favor of an oligopoly. Maritza Johnson, Fortune, 28 Feb. 2022 The disk drive market is an oligopoly with three players. John Dorfman, Forbes, 31 Jan. 2022 See More
Tomas J . Philipson, WSJ, 15 Sep. 2022 The prescription hearing-aid industry, led by an oligopoly known as the Big Five that controls more than 90 percent of the market for hearing aids, failed to stop the bill. Timothy Noah, The New Republic, 30 June 2022 Unlike the evil oligarchy of ancient Athens, the A.I. oligopoly set out to do good. Wendell Wallach, Fortune, 16 June 2022 Both Biden and Congress seek to blame an anti-competitive oligopoly of foreign shipping lines for colluding to artificially raise prices on American consumers. Nicolás Rivero, Quartz, 17 June 2022 But against that, consider that Micron is part of an oligopoly in memory chips. John Dorfman, Forbes, 16 May 2022 Each warned that the cloud oligopoly carries risks for customers if the sector becomes lethargic, but none called for a government crackdown. Jacob Carpenter, Fortune, 8 Mar. 2022 No other market in the world is left to function with so little oversight and with such asymmetrical terms in favor of an oligopoly. Maritza Johnson, Fortune, 28 Feb. 2022 The disk drive market is an oligopoly with three players. John Dorfman, Forbes, 31 Jan. 2022 See More 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 👨🏻🏫 Mr. Ng 韋氏詞典 📚 – mw.mister5️⃣.net
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