Definition of oligopolies Oligopolies
We found 2 definitions of oligopolies from 1 different sources.
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What does oligopolies mean?
Wiktionary 
- oligopolies (Noun)
Plural of oligopoly.
WordNet
NounPlural: oligopolies |
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| 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 | ||
| market place, marketplace, market an area in a town where a public mercantile establishment is set up | ||
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Wiktionary
OmegaWiki DictionaryOmegaWiki Dictionary Ω
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oligopoly
An economic condition in which a small number of sellers exert control over the market price of a commodity.
Wikipedia 
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In economics, an oligopoly is when a market is controlled by a small number of sellers. Very often, there are only 3 or 4 of them. Oligopolies are very common. The main feature of the oligopoly is that a decision made by one market player influences the whole market.
Examples.
In many countries, some country-held companies were privatized. Very often, this privatization lead to oligopolies. In many countries, there are only a handful of companies providing networks for mobile phones. They control the prices for accessing the network. That is why using a mobile phone is often much more expensive than using a land line one.
