Origin of oligopsonyolig(o)- + Classical Greek ops?nia, a purchase of food, catering from ops?nein: see opsonin
Origin of oligopsonyolig(o)- (mon)opsony
From Ancient Greek á½€Î»Î¯Î³Î¿Î¹ (oligoi, “few") + á½€ÏˆÏ‰Î½Î¯Î± (opsÅnia, “purchase"), corresponding to oligo- +"Ž -opsony.
oligopsony - Investment & Finance Definition
A situation in which a small group of companies share control of the market for buying a good or service. Because there are few buyers, they can jointly exert strong influence over wholesale prices. It is the buy-side counterpart to an oligopoly. Food processers, such as beef and pork processors, may hold oligopsony power.