oligopolistic

noun

1. the market condition that exists when there are few sellers, as a result of which they can greatly influence price and other market factors.Compare duopoly, monopoly(def 1).

noun plural -lies

1. economics a market situation in which control over the supply of a commodity is held by a small number of producers each of whom is able to influence prices and thus directly affect the position of competitors

adj.1939, from oligo- “little, small,” in plural, “few” + -poly, from Greek polein “to sell” (see monopoly). n.1887, from Medieval Latin oligopolium, from Greek oligos “little, small,” in plural, “the few” (see oligo-) + polein “to sell” (see monopoly). Control over the production and sale of a product or service by a few companies.