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    what does oligopoly mean

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    0  Views: 532 Answers: 3 Posted: 15 years ago
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      dictionary.com

      15 years ago. Rating: 1
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        monopoly:  a person or entity influencing the entire market system.  For example, Hawaiian Electric controlling electricity for the entire Island of Oahu.


        Oligopoly:  a few persons or entities capturing the entire market:  GM, Ford, and Chrysler.


         

        15 years ago. Rating: 1
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          a market or industry contrlolled by smaller groups..

          15 years ago. Rating: 0
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