oligopoly


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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 ?
That's the economic power of a regulated oligopoly.
However, the industry structure has become more of an oligopoly with fewer publishers dominating the space such as Reed Elsevier, John Wiley & Sons, Springer Science and Business Media, Wolters Kluwer, Holtzbrinck, and Informa with a combined market share of 36% (see Beverungen, Bohm, Land).
BEIRUT: Lebanon's cement market is an oligopoly controlled by Holcim, Sibline and Cimenterie Nationale, three producers benefiting from government regulation of imports which has effectively been a ban since import licenses were last granted in 2001.
Also For me, that several utility companies should raise their tariffs almost simultaneously and by comparable inflation-shattering rates is not the hallmarK of a well-functioning, competitive marKet but rather screams of dysfunction and oligopoly.
For me, that several utility companies should raise their tariffs almost simultaneously and by comparable inflationshattering rates is not the hallmark of a well-functioning, competitive market but rather screams of dysfunction and oligopoly.
Two underdogs, including Hyundai of Korea and Volkswagen of Germany, are expected to break the long-term oligopoly held by the top-six Japanese and local brands.
The economic literature is filled with different theories of oligopoly and duopoly ranging from perfect collusion to cutthroat price competition.
Thursday Trichet spoke about the existence of a "structure of international credit agencies similar to an oligopoly," describing it as "highly undesirable.
We have to break the oligopoly of the ratings agencies.
Mr Tyrie said: "The chief executives told the committee that UK retail banking was enormously competitive yet others described it as close to an oligopoly.
The three large supermarkets are estimated to control more than 70% of agricultural food in Namibia, and a market with such high concentration could be suspected as an oligopoly market, where supermarkets collude and in an uncoordinated fashion fix prices at the expense of consumers," Mwinga said.
A practice has developed in the industry where steelmakers accept whatever purchase prices major mineral producers set on their own, chiefly because the effective oligopoly has allowed the producers to assume a superior position in price-setting, according to industry officials.
He added that there was an oligopoly in the production and distribution of milk and more pressure should be put on these sectors if prices were to reduce.
In a video message broadcast at the General Assembly of the Banks Association of Turkey (TBB) on Thursday, Babacan said that "on one hand we are against oligopoly and want competition.
processes of insurance market development and its transformation from one structure monopoly, to another more competitive structure - oligopoly, in B&H and other transition countries is taking place with a certain time lag, when compared with insurance market in EU countries.