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  • noun

Words related to 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

References in periodicals archive ?
While oligopolies and oligopsonies by themselves can lead to suboptimal outcomes, taken together--a situation economists call a bilateral oligopoly--each side's market power is tempered by the other, and the net result often approaches the efficient market outcome.
It is important to emphasise that tight oligopolies may still result in a good outcome.
The free import of skimmed milk reinforced these oligopolies by allowing them to manufacture' milk rather than purchasing fresh milk on better prices from the farmers thus deterring investment on livestock and breeds.
It seems paradoxical, but unfettered market competition tends to degenerate into market oligopolies.
As food systems became increasingly dominated by ultra-processed products, fast food, and soft drinks, food oligopolies made enormous profits and acquired the power to set prices at will and determine the terms and conditions of their market sectors.
By restricting an operator's ability to exploit the current national oligopolies, the European commissioner hopes to urge operators to cooperate.
To stimulate competition, "new market entrants are needed because the market is closed for now, there are oligopolies," said Genna.
Monopolies and oligopolies are antibusiness, anti-SME and anti-competition.
The most urgent problem for competitivity in the EU energy market is acting vigorously against cartels," said Turmes, arguing that some 95% of the electricity and gas market is controlled by 12 energy oligopolies.
They show that the presence of a public firm actually harms welfare when the total number of firms is more than two and less than six, the type of tight oligopolies governments might be most interested in controlling.
Measuring market power in multi-product oligopolies.
It's inexcusable that in Honduras there exists oligopolies of big chains of news media, print, radio, television," he said.
levels of market concentration]"; and that prosecuting oligopolies is futile because, as he sees it, no remedy is available.
A critical characteristic of many oligopolies is the requirement of high capital investment to build capacity, which results in high fixed costs.
1) Mixed oligopolies are common in developed, developing, and former communist transitional economies.