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oligopoly |
Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.04 sec. |
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In fact, an analysis of the novel's rejection by Hollywood may seem an exercise in the obvious: Hollywood studios of the studio era (1928-1948) were oligopolies invested in producing conservative films thought to be universally consumable. The tendency of MNCs to enter sectors with high entry barriers where monopolies or oligopolies already exist may lead to an increase in competition and efficiency in those sectors, as local firms come under pressure to improve their performance and compete with the new entrants. First is the long series of mergers, acquisitions, bankruptcies and strategic reordering of markets that has enabled ever more powerful oligopolies to consolidate control over ever more industrial sectors. |
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