Oligopsony Definition

ŏlĭ-gŏpsə-nē, ōlĭ-
oligopsonies
noun
A market condition in which purchasers are so few that the actions of any one of them can materially affect price and the costs that competitors must pay.
American Heritage
Control of the purchase of a commodity or service in a given market by a small number of buyers.
Webster's New World
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Other Word Forms of Oligopsony

Noun

Singular:
oligopsony
Plural:
oligopsonies

Origin of Oligopsony

  • From Ancient Greek ὀλίγοι (oligoi, “few") + ὀψωνία (opsōnia, “purchase"), corresponding to oligo- +"Ž -opsony.

    From Wiktionary

  • olig(o)– (mon)opsony

    From American Heritage Dictionary of the English Language, 5th Edition

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