Oligopoly

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Oligopoly means literally 'few sellers'; a market situation in which a few individuals or business organizations own or control the total supply of a given commodity or service. An oligopolist is one of the few who own or control such a total supply.[1]

References

  1. Percy L. Greaves, Jr. "Mises Made Easier ", 1974. Referenced 2014-08-18.

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