oligopsonistic

ol·i·gop·so·ny

[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.
Compare duopsony, monopsony.


Origin:
1940–45; olig- + Greek opsōnía purchase of provisions, shopping

ol·i·gop·so·nis·tic, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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oligopsony (ˌɒlɪˈɡɒpsənɪ) [Click for IPA pronunciation guide]
 
n , pl -nies
a market situation in which the demand for a commodity is represented by a small number of purchasers
 
[C20: from oligo- + -opsony, from Greek opsōnia purchase of food]
 
oligopso'nistic
 
adj

00:10
Oligopsonistic is always a great word to know.
So is gobo. Does it mean:
a scrap or morsel of food left at a meal.
a screen or mat covered with a dark material for shielding a camera lens from excess light or glare.
oligopsony (ˌɒlɪˈɡɒpsənɪ) [Click for IPA pronunciation guide]
 
n , pl -nies
a market situation in which the demand for a commodity is represented by a small number of purchasers
 
[C20: from oligo- + -opsony, from Greek opsōnia purchase of food]
 
oligopso'nistic
 
adj

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