English - English
Definition of oligopolies in English English dictionary
- plural of oligopoly
- oligopoly
- {i} scarceness of merchants, partial monopoly over market prices
- oligopoly
- A market situation in which each of a few producers affects but does not control the market
- oligopoly
- When few sellers sell similar yet differentiated products to many buyers
- oligopoly
- the situation in a market where there are only a small number of large suppliers
- oligopoly
- an industry in which (1) firms are not price takers (each faces a downward-sloping demand curve) and (2) each firm acts strategically, taking into account its competitors' likely reactions to its decisions and how it will be affected by those reactions (p 365)
- oligopoly
- A market situation with a small number of firms producing the majority of a particular industry's production
- oligopoly
- A market in which sellers are so few that the actions of one of them materially affects the price and has a measurable impact on all competitors
- oligopoly
- A market or industry characterized by a small number of very large firms that have the power to influence the price of their product and/or resources
- oligopoly
- - A market with few sellers, but many buyers
- oligopoly
- An economic condition in which a small number of sellers exert control over the market of a commodity
- oligopoly
- A market for a good or service in which the decisions of at least one of the sellers have an impact on the market price The limiting case of an oligopoly is a monopoly
- oligopoly
- an industry characterised by few firms selling the same product with limited entry of other firms (chapter 11)
- oligopoly
- oligopolist Literally, few sellers; a market situation in which a few individuals or business organizations own or control the total supply of a given commodity or service An oligopolist is one of the few who own or control such a total supply
- oligopoly
- A market condition in which sellers are so few that the actions of any one of them will materially affect price and have a measurable impact on competitors
- oligopoly
- A market structure that exists when a few sellers control the supply of a large proportion of a product p 57
- oligopoly
- A Market characterized by a small number of producers who often act together to control the supply of a particular good and its market price
- oligopoly
- A few sellers who exert market control over prices
- oligopoly
- the form of imperfect competition in which the market has several firms, sufficiently few that each one must take into account the reactions of rivals to what it does
- oligopoly
- A market dominated by a small number of firms
- oligopoly
- oligopolies the control of all or most of a business activity by very few companies, so that other organizations cannot easily compete with them. Market situation in which producers are so few that the actions of each of them have an impact on price and on competitors. Each producer must consider the effect of a price change on the others. A cut in price by one may lead to an equal reduction by the others, with the result that each firm will retain about the same share of the market as before but with a lower profit margin. Competition in oligopolistic industries thus tends to manifest itself in nonprice forms such as advertising and product differentiation. Oligopolies in the U.S. include the steel, aluminum, and automobile industries. See also cartel, monopoly
- oligopoly
- a market where a few large firms sell a product which may be alike or different which dominates an industry
- 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
- oligopoly
- An oligopoly exists when a few companies dominate an industry This concentration often leads to collusion among manufacturers, so that prices are set by agreement rather than by the operation of the supply and demand mechanism For an oligopoly to exist, the few companies do not need to control all the production or sale of a particular commodity or service They only need to control a significant share of the total production or sales As in a monopoly, an oligopoly can persist only if there are significant barriers to entry to new competitors Obviously, the presence of relatively few firms in an industry does not negate the existence of competition The existing few firms may still act independently even while they collude on prices In an oligopolistic market, competition often takes the form of increased spending on marketing and advertising to win brand loyalty rather than on reducing prices or increasing the quality of products
- oligopoly
- A market that is dominated by a small number of producers who can control the supply of goods and services and influence prices Open order - An order to buy or sell stock, which is good until cancelled by the client Open pit - A mine that is entirely on surface Also referred to as open-cut or open-cast mine
- oligopoly
- A market served by a few firms
- oligopoly
- The situation that exists when several companies overwhelmingly control an entire industry
- oligopoly
- Occurs when a small group of business dominate an industry
- oligopoly
- When a few firms, generally large ones, comprise most of an industry's sales Examples: Car industry - GM, Ford, Chrysler, Honda, Toyota, and Nissan account for over 85% of the autos sold in the US