The word oligopoly drives from the two Greek word Ologoi which means few and poly which means control.  It means the control of few men / few persons.  Oligopoly is the situation of that market under which there are a few large firms are sell a homogeneous or differeniciated product.  Indian Air Lines,  Jet Airlines, Sahara Airways are the main examples of oligopoly market situation.  Maruti , TATA, Mahendra & Mahendra and Hindustan are also the main examples of the oligopoly market structure.  There is a great deal of interdependence among them.  All these firms are independent upon the each.



Definition of Oligoply :-  According to P.C. Dooley “ Oligopoly is a market situation under which a few sellers and they are recognized mutual dependence”


According to Masnsfield “Oligoply is a market in which a small number of firms and a great deal of interdependence”.


The following two tabs change content below.
We, at, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected]

Leave a reply is aimed at revolutionising Bachelors in Management Studies education, also known as BMS for students appearing for BMS exams across all states of India. We provide free study material, 100s of tutorials with worked examples, past papers, tips, tricks for BMS exams, we are creating a digital learning library.

Disclaimer: We are not affiliated with any university or government body in anyway.

©2020 BMS - Bachelor of Management Studies Community 

A Management Paradise Venture

Ask Us On WhatsApp

Log in with your credentials


Forgot your details?


Create Account