— oligopolistic /ol'i gop'euh lis"tik/ , adj.
/ol'i gop"euh lee/ , 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).
[ 1890-95; OLIGO- + (MONO)POLY ]