oligopolist Definition
a person or company that is part of an oligopoly, a market structure in which a small number of firms have the majority of market share.
Using oligopolist: Examples
Take a moment to familiarize yourself with how "oligopolist" can be used in various situations through the following examples!
Example
The telecommunications industry is dominated by a few oligopolists.
Example
The oligopolists colluded to fix prices and limit competition.
Example
The airline industry is an example of an oligopoly.
oligopolist Synonyms and Antonyms
Synonyms for oligopolist
- monopolist
- market leader
- dominant firm
Phrases with oligopolist
the ability of oligopolists to influence market conditions and prices due to their significant market share
Example
The oligopoly power of the big tech companies has raised concerns about their impact on competition and innovation.
oligopoly pricing
the practice of oligopolists setting prices higher than they would be in a competitive market
Example
The oligopoly pricing of the pharmaceutical industry has been criticized for making essential medicines unaffordable for many people.
the actions taken by oligopolists to maintain their dominant position in the market, such as price-fixing, collusion, and predatory pricing
Example
The government is investigating the oligopoly behavior of the major oil companies.
Summary: oligopolist in Brief
'Oligopolist' [ˌɑːlɪˈɡɑːpəlɪst] refers to a person or company that is part of an oligopoly, a market structure where a small number of firms dominate the market. Oligopolists have significant market share and can influence market conditions and prices. Examples include the telecommunications and airline industries. Phrases like 'oligopoly power' and 'oligopoly pricing' describe the practices of oligopolists.
