oligopsony
English
Etymology
From Ancient Greek ὀλίγοι (olígoi, “few”) + ὀψωνία (opsōnía, “purchase”).
Noun
oligopsony (plural oligopsonies)
- An economic condition in which a small number of buyers exert control over the market price of a commodity.
Related terms
- oligopsonist, oligopsonistic, oligopsonistically