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oligopsony

[ol-i-gop-suh-nee] /ˌɒl ɪˈgɒp sə ni/
noun
1.
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
1940-1945
1940-45; olig- + Greek opsōnía purchase of provisions, shopping
Related forms
oligopsonistic, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for oligopsony

oligopsony

/ˌɒlɪˈɡɒpsənɪ/
noun (pl) -nies
1.
a market situation in which the demand for a commodity is represented by a small number of purchasers
Derived Forms
oligopsonistic, adjective
Word Origin
C20: from oligo- + -opsony, from Greek opsōnia purchase of food
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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