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oligopsony

Pronunciation: /ɒlɪˈgɒps(ə)ni/

Definition of oligopsony

noun (plural oligopsonies)

  • a state of the market in which only a small number of buyers exists for a product.

Derivatives

oligopsonistic

adjective

Origin:

1940s: from oligo- 'small number' + Greek opsōnein 'buy provisions', on the pattern of monopsony

oligopsony in other Oxford dictionaries

Definition of oligopsony in the US English dictionary

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