Question

Please describe an oligopolistic industry.

Answer 1

Its basically an industry, with very few people buying.
Hope this helps~!
~{Isle of flightless birds}

Answer 2

An oligopoly (from Ancient Greek ὀλίγος (olígos), meaning "few", and πωλεῖν (polein), meaning "to sell") is a market form in which a market or industry is dominated by a small number of sellers (oligopolists).