oligopoly

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Related to oligopolists: duopoly, Monopolistic competition
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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 ?
OECD 1998, supra note 3, at 30; Julius Cavendish, Among the Oligopolists.
Traditional oligopolists occupy the broad middle of the stack and are companies by definition.
When, however, the position of the oligopolists or duopolists is more powerful and not easily invaded they will not keep to the full-cost principle, but will add varying and 'abnormal' profit percentages to their costs in proportion to their assumed strength, or they will fix prices without reference to costs altogether.
Although larger markets do have more firms, the expansion is limited to a fringe of small stores, while the number and realized share of the oligopolists remains stable.
inevitable result of ordinary profit maximization by oligopolists.
In this oft-repeated scholarly narrative, many non-cellular spectrum holders are portrayed as entrenched oligopolists.
Many of the Bureau of Consumer Protection's actions were taken against dominant firms and oligopolists.
If all oligopolists in a particular market follow the lead of one firm in raising prices, the result is the same as if they had all agreed to raise prices simultaneously (Schiller, 2008).
If we think of an industry-wide demand curve for the product in question, a cartel elevates price and reduces quantity relative to what would be accomplished if the sellers simply act as oligopolists in a repeated game without explicit collusion.
Firms in cohort t, t [member of] [[1,T]], behave as Cournotian oligopolists on the residual demand left by firms of cohorts [tau](1 < [tau] < t): it is as if they would not take into consideration firms playing after.
Thus for fear of being misunderstood by one another the oligopolists may be forced into inaction and the new entrant may successfully encroach their relative shares.
Sooner or later, the oligopolists will be irresistibly tempted to defect.
Or rather, in the second stage of the game both oligopolists are interested to get further and to position themselves into the two opposite edges of the market, because of the profit function decreases in a and b respectively.
Where and how these oligopolists obtain their appraisal services will determine pricing for the entire national appraisal market.