Oligopoly

(from the Greek oligos - small and poleo - sell, trade) - a type of market structure of an industry in developed countries, in which a small number of large firms and companies, on the basis of informal agreements, control the production and marketing of certain goods and the market for these goods and lead among themselves non-price competition. O. stimulates the improvement of the quality indicators of goods and services, their renewal. The negative aspects of O. are the prerequisites for a monopolistic collusion of enterprises.