oligopoly
🇺🇸
/ˌɑːlɪˈɡɑːpəli/
🇬🇧
/ˌɒlɪˈɡɒpəli/
A situation where a small number of companies control a market.
The telecommunications industry is an oligopoly, with just a few major players dominating the market.
电信行业是一个寡头垄断市场,只有几个主要参与者主导市场。