oligopolistic
/ˌɒlɪɡɒpəˈlɪstɪk/ · ol·i·go·pol·is·tic
adjective
- Relating to, characteristic of, or resembling an oligopoly—a market structure in which a small number of firms dominate. The telecom sector has become increasingly oligopolistic, with three companies controlling most of the market.
- Describing behavior, strategies, or outcomes typical of an oligopoly, such as mutual interdependence and price rigidity. Their oligopolistic pricing tactics made it difficult for new entrants to compete.
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Did you know? The adjective 'oligopolistic' gained legal prominence during the 1970s U.S. antitrust cases, where courts used it to describe industries that required special regulatory scrutiny.