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    what does oligopoly mean

    0  Views: 434 Answers: 3 Posted: 13 years ago

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    dictionary.com

    monopoly:  a person or entity influencing the entire market system.  For example, Hawaiian Electric controlling electricity for the entire Island of Oahu.


    Oligopoly:  a few persons or entities capturing the entire market:  GM, Ford, and Chrysler.


     

    a market or industry contrlolled by smaller groups..



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