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
Other Word Forms of Oligopsony
Noun
Singular:
oligopsony
Plural:
oligopsoniesOrigin 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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