oligopsony(redirected from oligopsonies)
Also found in: Financial.
Related to oligopsonies: oligopsonistic
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.
ol′i·gop′so·nis′tic (-nĭs′tĭk) adj.
n, pl -nies
(Economics) a market situation in which the demand for a commodity is represented by a small number of purchasers
[C20: from oligo- + -opsony, from Greek opsōnia purchase of food]
ol•i•gop•so•ny(ˌɒl ɪˈgɒp sə ni)
n., pl. -nies.
the market condition that exists when there are few buyers, who can thereby greatly influence price and other market factors.
[1940–45; olig- + Greek opsōnía purchase of provisions, shopping]
a market condition in which there are few buyers. — oligopsonist, n. — oligopsonistic, adj.See also: Trade