oligopsony

[ ol-i-gop-suh-nee ]
/ ˌɒl ɪˈgɒp sə ni /

noun

the market condition that exists when there are few buyers, as a result of which they can greatly influence price and other market factors.
Compare duopsony, monopsony.

Origin of oligopsony

1940–45; olig- + Greek opsōnía purchase of provisions, shopping

OTHER WORDS FROM oligopsony

ol·i·gop·so·nis·tic, adjective

British Dictionary definitions for oligopsony

oligopsony
/ (ˌɒlɪˈɡɒpsənɪ) /

noun plural -nies

a market situation in which the demand for a commodity is represented by a small number of purchasers

Derived forms of oligopsony

oligopsonistic, adjective

Word Origin for oligopsony

C20: from oligo- + -opsony, from Greek opsōnia purchase of food