noun
- a company or firm that is one of a few sellers in a market dominated by a small number of producers
Usage: economics; business
Examples
- The three oligopolists control most of the smartphone market.
- As an oligopolist, the company must carefully monitor its competitors' pricing strategies.
- Oligopolists in the airline industry often coordinate on routes and fares.
- The tech oligopolists have faced increased regulatory scrutiny in recent years.
- Each oligopolist in the automotive sector invests heavily in research and development.