Legal Definition and Related Resources of Oligopoly
Meaning of Oligopoly
A term used in economics describing situations where only a few sell a given product . See Northern natural Gas. Co. v Fed. power Comm., (D.C.App.) 399 F.2d 953. Also, the term is used in the context of statutes aimed at preventing monopolies, in the sense of a large corporation or several large enterprises making successive small acquisitions and converting an intensely competitive industry into one in which t.r.e. or four large concerns produce the entire supply of goods or services. For prohibition against oligopoly see amendment to the clayton act of 1914, passed by the Congress in 1915. (15 U.S.C. §18).
International Trade Meaning and Definition of Oligopoly
A market dominated by so few sellers that action by any of them will impact both the price of the good and the competitors.
Related Entries of Oligopoly in the Encyclopedia of Law Project
Browse or run a search for Oligopoly in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Oligopoly in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Oligopoly in Historical Law in the Encyclopedia of Law.
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Oligopoly in the Legal Abbreviations and Acronyms Dictionary.
Related Legal Terms
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Oligopoly in Law Enforcement
Main Entry: Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of oligopoly.
- Law Enforcement Officer
- Law Enforcement Agency
- oligopoly in A Dictionary of Law Enforcement (Oxford University Press)
- oligopoly in the Encyclopedia of Law Enforcement
- A Treatise on the Police of the Metropolis
Oligopoly in the Economic Activity
An introductory concept of Oligopoly may be: the form of imperfect competition in which the market has several firms, sufficiently few that each one must take into account the reactions of rivals to what it does
Definition of Oligopoly
The Canada social science dictionary  provides the following meaning of Oligopoly: The situation where a small number of companies own or control the production of a particular good or provision of services within a market economy. This situation typically arises from the concentration of ownership and provides a challenge to liberal theory which claims benefit from a plurality of producers operating in a very competitive market. See: MONOPOLY in this legal dictionary and in the world encyclopedia of law.
Notes and References
- Drislane, R., & Parkinson, G. (2016). (Concept of) Oligopoly. Online dictionary of the social sciences. Open University of Canada
Hierarchical Display of Oligopoly
Meaning of Oligopoly
Overview and more information about Oligopoly
For a more comprehensive understanding of Oligopoly, see in the general part of the online platform.[rtbs name=”xxx-xxx”]
Translation of Oligopoly
- Spanish: Oligopolio
- French: Oligopole
- German: Oligopol
- Italian: Oligopolio
- Portuguese: Oligopólio
- Polish: Oligopol