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oligopsony |
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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
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