| 单词 | oligopoly |
| 释义 | oligopoly oligopoly A market in which relatively few sellers supply many buyers. Each seller recognizes that prices can be controlled to a certain extent and that competitors’ actions will influence profits. There is therefore a risk of collusion. An oligopoly is often defined as a market in which the four largest players have a combined market share of over 40% (seefour-firm concentration ratio). See alsomonopoly. |
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