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... > social science subjects > criminology and criminal justice > criminology > white-collar and corporate crime > criminology and justice > oligopoly
... > social science subjects > sociology > social problems > social problems encyc > economics and work > oligopoly

Preferred term

oligopoly  

Definition

  • An oligopoly is an economic situation in which a small number of firms dominates the market for a product or service. Similar to a monopoly, where one firm dominates the economic market, and a duopoly, in which two firms dominate the market, an oligopoly occurs when a small group of companies collectively control a significant amount of the market share. [Source: Encyclopedia of White-Collar and Corporate Crime; Oligopoly]

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https://concepts.sagepub.com/social-science/concept/oligopoly

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