An oligopoly is a market structure where a small number of firms have significant control over market prices and output, often leading to limited competition and potential collusion among the firms.

AndreyPopov / Getty Images A monopoly and an oligopoly are market structures that exist when there is imperfect competition. A monopoly is when a single company produces goods with no close ...

An oligopoly describes a small group of companies that collude to raise prices on products because of excess demand. Members of an oligopoly receive temporary benefits from limiting retail ...