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- Oligopoly
Market form in which a market or industry is dominated by a small number of sellers
An oligopoly (from 'few', and 'to sell') is a market in which control over an industry lies in the hands of a few large sellers who own a dominant share of the market. Oligopolistic markets have homogenous products, few market participants, and inelastic demand for the products in those industries. As a result of their significant market power, firms in oligopolistic markets can influence prices t... Wikipedia
