oligopoly :

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oligopoly

o li go puh lee

  • n  (economics) a market in which control over the supply of a commodity is in the hands of a small number of producers and each one can influence prices and affect competitors

  • Indeed, Ahmadinejad has failed in the one area where he actually does have some authority: reforming the sluggish oligopoly that is the Iranian domestic economy.
  • In a February speech, commissioner Kathleen Casey said it was imperative to address "the oligopoly in the rating industry" and overreliance on ratings in the SEC's rules.
  • Maybe, just maybe, we would be better off with a heavily regulated, highly profitable oligopoly of large financial institutions.
Quotes

  • Edgardo Angara in CNN
    It is a bad idea. ...... It will create an oligopoly and it's against humanity,Edgardo Angara, chairman of the Philippine Senate's Committee on Agriculture, said Friday, adding that the cartel could price the grain out of reach for...
  • Paul Kanjorski in National Underwriter Life and Health Insurance News
    This reform will hopefully incent participants in this oligopoly to police one another and release reliable, high quality ratings,Kanjorski said in support of the provision. "This reform, however, is not the only way to fix this problem,...
  • Dan McTeague in CTV.ca
    All (of them) have the characteristic symptoms of acting as an oligopoly,said McTeague, a market condition where there are so few sellers that the actions of any one of them will affect prices and hurt competitors.

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