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What does oligopolistic mean?

Looking for the meaning or definition of the word oligopolistic? Here's what it means.

Adjective
  1. Having the character of, or dominated by, an oligopoly
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Examples
The United States pioneered the large, monopolistic or oligopolistic firm in the late 19th century.
Who knows, it might even mean lower prices for consumers and a reduction in profits for the existing oligopolistic operators.
In the United Kingdom the OFT and MMC have often considered excessive pricing arising out of oligopolistic market structures.
Open price competition may be limited, although price wars do break out periodically in some oligopolistic markets.
Due to the industry's oligopolistic nature, advertising may only shift sales among brands rather than increasing total cigarette sales.
Unfortunately, many of the businesses mooted for privatization are either virtual monopolies or operate in oligopolistic environments.

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