ol·i·gop·so·ny ( l  -gp s -n ,  l-)n. pl. ol·i·gop·so·nies A market condition in which purchasers are so few that the actions of any one of them can materially affect price and the costs that competitors must pay. [olig(o)- + (mon)opsony.] ol i·gopso·nistic (-nstk) adj. |
oligopsony [ˌɒlɪˈgɒpsənɪ]
n pl -nies
(Economics) a market situation in which the demand for a commodity is represented by a small number of purchasers
[from oligo- + -opsony, from Greek opsōnia purchase of food]
oligopsonistic adj
oligopsony
a market condition in which there are few buyers. — oligopsonist, n. — oligopsonistic, adj.
See also: Trade
Translations
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