oligopsony

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Related to oligopsonies: oligopsonistic

ol·i·gop·so·ny

 (ŏl′ĭ-gŏp′sə-nē, ō′lĭ-)
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.

oligopsony

(ˌɒlɪˈɡɒpsənɪ)
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]
ˌoliˌgopsoˈnistic adj

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]
ol`i•gop`so•nis′tic, adj.

oligopsony

a market condition in which there are few buyers. — oligopsonist, n.oligopsonistic, adj.
See also: Trade
Translations

oligopsony

[ˌɒlɪˈgɒpsənɪ] Noligopsonio m
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References in periodicals archive ?
While oligopolies and oligopsonies by themselves can lead to suboptimal outcomes, taken together--a situation economists call a bilateral oligopoly--each side's market power is tempered by the other, and the net result often approaches the efficient market outcome.
Current antitrust law protects managed care oligopsonies and prevents physicians from organizing to negotiate jointly.
Current antitrust law protects managed care oligopsonies and prevents physicians from organizing to negotiate jointly Joint negotiations by physicians or other health care professionals without financial ties to one another concerning fees or prices are deemed to be illegal, even without proof of any anticompetitive effects.