yes, a monopoly is dominated by one large supplier (or in the case of a buyer, monopsony). but that doesn't mean that there is only one market participant. it d

yes, a monopoly is dominated by one large supplier (or in the case of a buyer, monopsony). but that doesn't mean that there is only one market participant. it doesn't even mean that the dominant player has the majority market share. like any field of study, people apply words outside of the technical application and meaning gets diluted the further a person is from the field (economics). just look at how superhero movies use the word 'dimension'. =) but yes, without examining the industry in more detail, oligopoly is the safer initial assumption.