oligopolistic Definition
relating to or denoting a market situation in which only a few sellers exist and so each seller influences the market.
Using oligopolistic: Examples
Take a moment to familiarize yourself with how "oligopolistic" can be used in various situations through the following examples!
Example
The airline industry is an oligopolistic market.
Example
The oligopolistic nature of the telecommunications industry has led to high prices for consumers.
Example
The oligopolistic structure of the automobile industry allows for collusion among the major players.
oligopolistic Synonyms and Antonyms
Synonyms for oligopolistic
Summary: oligopolistic in Brief
'Oligopolistic' [ˌɑːlɪgəpəˈlɪstɪk] describes a market situation where there are only a few sellers, giving each seller significant influence over the market. This term is often used to describe industries such as airlines, telecommunications, and automobiles. For example, 'The oligopolistic nature of the telecommunications industry has led to high prices for consumers.'
