the market condition that exists when there are few sellers, as a result of which they can greatly influence price and other market factors.
Oligopoly
![Oligopoly](https://image.slidesharecdn.com/econoligopoly-150805043647-lva1-app6891/95/econ-oligopoly-15-638.jpg?cb=1438749527)
Business Terms
the market condition that exists when there are few sellers, as a result of which they can greatly influence price and other market factors.