oligopsony


ol·i·gop·so·ny

noun \-ˈgäp-sə-nē\

Definition of OLIGOPSONY

:  a market situation in which each of a few buyers exerts a disproportionate influence on the market
ol·i·gop·so·nis·tic \-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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