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duopsony

[doo-op-suh-nee, dyoo-] /duˈɒp sə ni, dyu-/
noun, plural duopsonies.
1.
the market condition that exists when there are only two buyers.
Compare monopsony, oligopsony.
Origin
du(o)- + -opsony < Greek opsōnía purchasing of food, equivalent to óps(on) viands + ōn(eîsthai) to buy + -ia -y3
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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