oligopsony

English

Etymology

From Ancient Greek ὀλίγοι (olígoi, “few”) + ὀψωνία (opsōnía, “purchase”).

Noun

oligopsony (plural oligopsonies)

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

Related terms

• oligopsonist, oligopsonistic, oligopsonistically

See also

• monopsony
• oligopoly