2 more definitions
An Oligopoly is the parallel of a monopoly. Where a monopoly is a market dominated by one seller with little or no competition, oligopolys have many sellers competing for customers.
If left unchecked intime slowly grocery store will fade from an oligopoly to a monopoly thanks to Wal-Mart.
by Fouwlkan May 16, 2005
In the context a monopoly, something to do with small companies owning a share of the market
What an oligopoly!
by kymcleod October 11, 2003