what is an oligopoly
An oligopoly (from á½Î»Î¯Î³Î¿Ï (oligos) , olÃ­gos meaning, few and (ÏÏÎ»Îµá¿Î½) , polein meaning to) sell is a market form in which a market or industry is dominated by a small number of (sellers). oligopolistsligopoly has its own market structure. With few sellers, each oligopolist is likely to be aware of the actions of the others. According to game theory, the decisions of one firm therefore influence and are influenced by the decisions of other firms.