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Meaning of oligopoly

ol•i•gop•o•ly

Pronunciation: (ol"i-gop'u-lē), [key]
— n.
  1. the market condition that exists when there are few sellers, as a result of which they can greatly influence price and other market factors. Cf.(def. 1).
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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