oligopoly
🇺🇸
/ˌɑːlɪˈɡɑːpəli/
🇬🇧
/ˌɒlɪˈɡɒpəli/
noun
R
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.
translation
A situation where a small number of companies control a market.
Word Forms
Plural
oligopolies