Get to know Oligopoly better with 10+ real example sentences, the meaning and synonyms like market or marketplace.
Oligopoly in a sentence
Oligopoly meaning
An economic condition in which a small number of sellers exert control over the market of a commodity.
Synonyms of Oligopoly
Using Oligopoly
- The main meaning on this page is: An economic condition in which a small number of sellers exert control over the market of a commodity.
- Useful related words include: market, marketplace.
- In the example corpus, oligopoly often appears in combinations such as: an oligopoly, and oligopoly, the oligopoly.
Context around Oligopoly
- Average sentence length in these examples: 22.9 words
- Position in the sentence: 5 start, 7 middle, 8 end
- Sentence types: 20 statements, 0 questions, 0 exclamations
Corpus analysis for Oligopoly
- In this selection, "oligopoly" usually appears near the end of the sentence. The average example has 22.9 words, and this corpus slice is mostly made up of statements.
- Around the word, media, description, golf, embedded and issue stand out and add context to how "oligopoly" is used.
- Recognizable usage signals include an oligopoly usually has and competition and oligopoly. That gives this page its own corpus information beyond isolated example sentences.
- By corpus frequency, "oligopoly" sits close to words such as aarons, abra and accelerations, which helps place it inside the broader word index.
Example types with oligopoly
The same corpus examples are grouped by length and sentence type, making it easier to see the contexts in which the word appears:
Oligopoly has its own market structure. (6 words)
Then, there’s the global social media oligopoly issue. (9 words)
Market shares in an oligopoly are typically determined by product development and advertising. (13 words)
In a discussion on oligopoly research, Paul Joskow pointed out in 1975 that in practice, serious students of actual economies tended to use "informal models" based upon qualitative factors specific to particular industries. (33 words)
These are both good points Paul makes – the inefficiency of the current tax and welfare system and the high levels of oligopoly embedded in the UK economy particularly in the banking system. (32 words)
In any case, it’s a very good thing that Congress is beginning to pay more attention to the problems of industrial concentration and oligopoly in the U.S. economy. (30 words)
Example sentences (20)
The company's Callaway brand leverages its unique position in the oligopoly golf equipment industry, benefiting from steady demand driven by demographic shifts, particularly the aging US population.
These are both good points Paul makes – the inefficiency of the current tax and welfare system and the high levels of oligopoly embedded in the UK economy particularly in the banking system.
We've already seen how AI ischanging the landscape of traditional sectors like education, but AI is unlikely to have a similar impact on disrupting the oligopoly.
In any case, it’s a very good thing that Congress is beginning to pay more attention to the problems of industrial concentration and oligopoly in the U.S. economy.
Because bigger firms and establishments are more efficient, unchecked competition tends to drive out small firms, leading to oligopoly and perhaps to monopoly.
Then, there’s the global social media oligopoly issue.
An Oligopoly usually has "Economic Profit" also, but usually faces an Industry/Market with more than just 1 Firm (they must share available Demand at the Market Price).
Classical economic theory assumes that a profit-maximizing producer with some market power (either due to oligopoly or monopolistic competition ) will set marginal costs equal to marginal revenue.
Description Oligopoly is a common market form where a number of firms are in competition.
Economic profit is, however, much more prevalent in uncompetitive markets such as in a perfect monopoly or oligopoly situation.
For example, an oligopoly considering a price reduction may wish to estimate the likelihood that competing firms would also lower their prices and possibly trigger a ruinous price war.
Game theory tends to govern duopoly and oligopoly behavior. citation * Monopsony, when there is only one buyer in a market.
In a discussion on oligopoly research, Paul Joskow pointed out in 1975 that in practice, serious students of actual economies tended to use "informal models" based upon qualitative factors specific to particular industries.
In other words, each firm feels free to set prices as if it were a monopoly rather than an oligopoly.
Joskow had a strong feeling that the important work in oligopoly was done through informal observations while formal models were "trotted out ex post ".
Likewise, a monopoly should be distinguished from a cartel (a form of oligopoly), in which several providers act together to coordinate services, prices or sale of goods.
Market shares in an oligopoly are typically determined by product development and advertising.
Monopolies According to one analyst, Armenia's economic system is anticompetitive due to the structure of the economy being a type of " monopoly or oligopoly ".
Oligopoly has its own market structure.
Perloff (2009), p. 393. Any market structure characterized by a downward sloping demand curve has market power – monopoly, monopolistic competition and oligopoly.
Common combinations with oligopoly
These word pairs occur most frequently in English texts:
- an oligopoly 8×
- and oligopoly 3×
- the oligopoly 2×
- of oligopoly 2×
- oligopoly in 2×
- to oligopoly 2×
- oligopoly and 2×
- oligopoly or 2×
- oligopoly is 2×
- or oligopoly 2×