Dictionary
ol•i•gop•o•ly
Pronunciation: (ol"i-gop'u-lē), [key]—
n.
the market condition that exists when there are few sellers, as a result of which they can greatly influence price and other market factors. Cf.
duopoly, monopoly (def. 1).
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.