Definition
oligopolistic
adjective
- of, relating to, or characteristic of an oligopoly; controlled by a small number of producers or sellers
Usage: economics term; formal
Examples
- The smartphone market has become increasingly oligopolistic, dominated by just a few major manufacturers.
- Oligopolistic pricing strategies often result in higher consumer costs.
- The airline industry is considered oligopolistic because a handful of carriers control most routes.
- Oligopolistic firms may engage in price-fixing to maintain market stability.
- Competition regulators scrutinize oligopolistic behavior to protect consumers.
- The tech sector exhibits oligopolistic characteristics with a few companies controlling vast market share.