oligopolies

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Definitions from WordNet

Noun oligopoly has 1 sense

oligopoly - (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
--₁ is a kind of market, marketplace

Definitions from the Web

oligopolies

Definition:

Oligopolies are market structures characterized by a small number of dominant firms that have the power to control prices or output in their respective industries.

Part of Speech:

Noun (plural)

Senses:

1. An economic market structure where a small number of major firms dominate a particular industry.
2. The condition or state of being controlled by a small number of powerful players in a specific market.

Usage Examples:

Sense 1:

Many sectors, such as telecommunications and airlines, are characterized by oligopolies.
The automobile industry is known for its oligopolistic nature, with a few major companies controlling the majority of market share.

Sense 2:

The oligopolies in the energy market exert significant control over the prices and supply of oil.
In an oligopolistic market, the actions of one company can significantly impact the strategies and decisions of others in the industry.

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