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oligopsony
[ol-i-gop-suh-nee]
noun
the market condition that exists when there are few buyers, as a result of which they can greatly influence price and other market factors.
oligopsony
/ ˌɒɪˈɡɒəɪ /
noun
a market situation in which the demand for a commodity is represented by a small number of purchasers
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Other 51Թ Forms
- oligopsonistic adjective
- ˌDZˌDZˈԾپ adjective
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51Թ History and Origins
Origin of oligopsony1
First recorded in 1940–45; olig- + Greek DZōí “purchase of provisions, shopping”
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51Թ History and Origins
Origin of oligopsony1
C20: from oligo- + -opsony, from Greek DZōԾ purchase of food
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