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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
/ ˌɒlɪˈɡɒpsənɪ /
noun
- a market situation in which the demand for a commodity is represented by a small number of purchasers
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Derived Forms
- ˌoliˌgopsoˈnistic, adjective
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Other Words From
- oli·gopso·nistic adjective
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Word History and Origins
Origin of oligopsony1
First recorded in 1940–45; olig- + Greek opsōnía “purchase of provisions, shopping”
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Word History and Origins
Origin of oligopsony1
C20: from oligo- + -opsony, from Greek opsōnia purchase of food
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