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oligopsony

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noun ol·i·gop·so·ny \-ˈgäp-sə-nē\

Definition of oligopsony

  1. :  a market situation in which each of a few buyers exerts a disproportionate influence on the market

ol·i·gop·so·nis·tic play \-ˌgäp-sə-ˈnis-tik\ adjective


Origin of oligopsony

olig- + Greek opsōnia purchase of victuals, from opsōnein to purchase victuals, from opson food + ōneisthai to buy — more at venal


First Known Use: 1942


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