What is another word for oligopoly?

Pronunciation: [ˌɒlɪɡˈɒpəli] (IPA)

Oligopoly refers to a market structure where few firms dominate the market. There are various synonyms for the word "oligopoly" that can be used in different contexts. Some of the synonyms include cartel, monopoly, duopoly, triopoly, and quadroply. A cartel is a group of enterprises that collude with each other to restrict competition and maintain elevated prices. A monopoly is a market controlled by a single firm with no competition. In a duopoly, two firms control the market, while in a triopoly, the market is dominated by three firms. Lastly, quadroply refers to a market where four firms control most of the market. These synonyms are useful in describing market structures and capturing the economic concepts of competition and market power.

What are the paraphrases for Oligopoly?

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  • Equivalence

    • Adjective
      oligopolistic.
    • Noun, singular or mass
      oligopolistic.

What are the hypernyms for Oligopoly?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the hyponyms for Oligopoly?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.

What are the opposite words for oligopoly?

An oligopoly is a market situation where a limited number of firms control the market. Antonyms for oligopoly can include monopolistic competition - where there are many firms in a market and no one firm dominates - or perfect competition - where there are many firms offering the same product and consumers can easily switch between them due to identical prices. Another antonym is fragmentation, which describes markets where there are many small competitors with no dominant player. In fragmented markets, there is less pricing power and less brand recognition. Finally, another antonym for oligopoly is a monopoly, where one firm has complete control over the market, and there are no competitors at all.

What are the antonyms for Oligopoly?

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