duopsony

noun du·op·so·ny \-psənē\

Definition of duopsony

plural

-es

  1. :  a market situation in which two rival buyers hold the controlling power of determining the demand for a product or service from a large number of sellers — compare monopsony oligopsony

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Origin and Etymology of duopsony

duo- + Greek opsōnia purchase of victuals, catering, from opsōnein to purchase victuals (from opson prepared food, relish) + -ia -y


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