"Oligopolistic" Pronounce,Meaning And Examples
"Oligopolistic" Natural Recordings by Native Speakers
"Oligopolistic" Meaning
Oligopolistic refers to a market structure in which a small number of firms compete with each other, often resulting in limited competition and significant market control. In an oligopolistic market, each firm is aware of the actions and reactions of its competitors, which can lead to a situation where firms engage in non-price competition, such as advertising and product differentiation, rather than price-cutting competition.
"Oligopolistic" Examples
Oligopolistic
Used in a sentence:
The fast food industry is deemed oligopolistic, with a few large corporations dominating market share.
Meaning:
Denoting a market structure in which a small number of large sellers compete with each other.
Usage examples:
The automobile industry in the United States is oligopolistic, with a few major manufacturers controlling the majority of the market.
Oligopolistic competition is often characterized by high barriers to entry and a lack of price competition.
The pharmaceutical industry is oligopolistic, with a few large companies controlling the production and distribution of many prescription drugs.
The fast food industry is oligopolistic, with a few large corporations dominating market share.
The banking industry is often considered oligopolistic, with a small number of large institutions controlling a significant portion of the market.
"Oligopolistic" Similar Words
Oligopetalous
Oligophrenia
Oligophrenia is a former term for mild intellectual disability, also known as borderline intellectual functioning. It is characterized by a significant limitation in intellectual functioning, which is evident in two or more of the following areas: communication, self-care, home living, social/interpersonal skills, use of community resources, self-direction, health and safety, and functional academics.
Oligophrenial
Oligophrenial refers to a person who has a mild intellectual disability or mild mental retardation. This term is often used to describe individuals with cognitive impairment who have limited adaptive skills, such as difficulty with language, learning, and social interactions. However, it's worth noting that the term "oligophrenia" is considered old-fashioned and has been largely replaced by more accurate and respectful terminology, such as "intellectual disability" or "developmental disability".
Oligophyllum
Oligophyllum is a type of plant classification. It refers to a group of flowering plants that belong to the family Apocynaceae and are characterized by having a small number of leaves. In botanical terms, "oligophyllum" means "few-leaved".
Oligoplites
Oligoplites is a noun that refers to a genus of small fish in the family Carangidae, also known as non-list fish or small trevallies. They are typically found in tropical and subtropical waters around the world. Oligoplites are small, fast-swimming fish that feed on small crustaceans and larvae. They are often used as bait or food fish in recreational and commercial fishing.
Oligopnea
Oligopolies
An oligopoly is a market structure in which a small number of firms compete with each other to supply a product or service. In an oligopoly, the few firms have significant market power, which allows them to influence market outcomes. Oligopolistic markets are characterized by a lack of perfect competition, where the number of firms is small, and each firm has a significant impact on the market. This can lead to collusive behavior, where firms work together to set prices or limit production, or non-collusive behavior, where firms compete with each other, but still maintain a level of cooperation. Examples of oligopolies include the automotive industry, the airline industry, and the banking industry.
Oligopolist
An oligopolist is a business or company that operates in a market where there are only a few sellers, typically less than five. This can lead to intense competition and pricing power, as each company tries to differentiate themselves and gain a competitive advantage over their rivals. In an oligopolistic market, the actions of one company can have a significant impact on the market as a whole, and companies may engage in non-price competition, such as advertising and product differentiation, in addition to pricing decisions.
Oligopolists
Oligopoly
Oligopotency
Oligopotent
Oligopsony
An oligopsony is a market structure in which a small number of buyers (less than five) has the power to influence prices and quantities traded in a particular market. In other words, an oligopsony is a market where there are only a few large buyers, and they collectively have significant market power. This can lead to higher prices for goods and services, as sellers must compete for the limited number of buyers.
Oligosaccharide
Oligosaccharides
Oligosepalous
Oligosepalous refers to a flower that has a small number of sepals. Sepals are the leaf-like structures that protect the bud of a flower and typically drop off once the flower opens. Oligosepalous applies specifically to flowers that have fewer than the typical 5-15 sepals, often only 2, 3, or 4.