oligopsony

English

Etymology

From Ancient Greek ὀλίγοι (olígoi, “few”) + ὀψωνία (opsōnía, “purchase”), corresponding to oligo- +‎ -opsony.

Noun

oligopsony (plural oligopsonies)

  1. An economic condition in which a small number of buyers exert control over the market price of a commodity.

See also

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