oligopoly

noun
🔊/ˌɒlɪˈɡɒpəli/
🔊/ˌɑːlɪˈɡɑːpəli/, 🔊/ˌəʊlɪˈɡɑːpəli/
(plural oligopolies)
(business商业)
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  1. a market in which there are only a few companies producing or selling a product or service. This can result in less competition and higher prices for customers.
    • Due to oligopolies and reduced competition, Americans pay far more for internet than the rest of the world.由于寡头和竞争的减少,美国人为互联网支付的费用远远高于世界其他地区。
    • The three main companies have been operating as an oligopoly to maintain their dominance in the market.三大主要公司一直处于寡头垄断状态,以保持其在市场中的主导地位。
    compare duopoly, monopoly (1)