Definition
Oligopolistic competition is a market condition in which only a few large sellers vie and collectively account for a relatively large market share. It differs from a monopoly in that there must be at least two sellers.[1]
See also
- Duopoly
- Imperfect competition
- Monopolistic competition
- Monopsony
- Oligopoly
- Oligopsony
- Perfect competition
- Pure competition
- Workable competition
References
- ^ American Marketing Association, AMA Dictionary.