Home / The New Economy /  Definition of the Week:
  Share
Wednesday, May 21,2008

Definition of the Week:

Oligopoly

By Ken Reibel
 

Definition of the Week

Oligopoly
When a few firms dominate a market. Together, they can behave as if they were single monopoly, perhaps by forming a cartel. Or they may collude informally, by prefering non-price competition to a price war.

 

POST A COMMENT
 
 
Today in Milwaukee
CityGuide2012_banner_410x93_040512.jpg
SpringGuideToHigherEd2012_410x93.jpg
SAG_Click2012.jpg
Express234x120.gif

Join Us at Facebook, Twitter, MySpace and Flickr


 
 
 
*/?>