(Greek: prefix; scanty, little, meager, tiny, infrequent; abnormally few or small)
2. A state of limited competition when a market is shared by a small number of producers or sellers.
3. An economic market with few competing producers.
4. Etymology: the suffix -poly, -polies, -polistic used in these words DO NOT refer to the prefix poly-, "many"; but to -poly, meaning, "selling, trading".
The retail gas market is a good example of oligopoly because there is a small number of firms that control a large majority of the market.
Oligopolistic markets are characterised by interactivity. The decisions of one firm influences, and are influenced by, the decisions of the other related firms.
2. Markets with a very limited number of buyers.
3. An economic condition in which there are so few suppliers of a particular product that one supplier's actions can have a significant impact on prices and on its competitors.
2. Slight or scanty secretion of saliva; also, oligosialia.
2. Disinterest in former friends or hobbies.
3. An abnormal indifference toward or dislike of people or things.