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What are oligopolies?

What are oligopolies? Here are some definitions.

Noun
  1. plural of oligopoly
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Examples
With limited competition, or oligopolies, the various players within a particular industry will most likely have different cost structures.
Mr Rapkay, you may be sure that nobody in this Chamber wants monopolies or oligopolies in the market.
ManufacturingCo competes in internationalised oligopolies in its core power systems businesses.
Shareholders are wanting higher returns from companies in mature markets or in cosy duopolies or oligopolies.
And as long as these oligopolies are not dismantled, we need specific policies in sectoral renewables and so on.
I am thinking of the postal services and the risk that oligopolies will form, and another example is telecommunications.

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