ol·i·gop·o·ly

ˌäləˈɡäpəlē/

noun

noun: oligopoly; plural noun: oligopolies

  1. a state of limited competition, in which a market is shared by a small number of producers or sellers.

The defining characteristic of oligopolies is that pricing power is concentrated with few suppliers of the good or service. This is the case with the DRAM semiconductor market. To read more, a subscription is needed: Click here to subscribe