Definition
oligopolists
noun
- Plural of oligopolist; companies or firms that participate in an oligopoly, a market dominated by a small number of sellers.
Usage: Economics term; Always plural in this form
Examples
- The three oligopolists in the smartphone industry control most of the global market share.
- Oligopolists often engage in strategic pricing to maintain their competitive advantage.
- The government investigated whether the oligopolists were colluding to fix prices.
- These oligopolists have significant influence over consumer choices in the automotive sector.
- Barriers to entry protect oligopolists from new competitors entering the market.
- The oligopolists announced new product lines simultaneously, suggesting coordinated behavior.