oligopsony

noun ol·i·gop·so·ny \-ˈgäp-sə-nē\

Definition of OLIGOPSONY

: a market situation in which each of a few buyers exerts a disproportionate influence on the market

— ol·i·gop·so·nis·tic \-ˌgäp-sə-ˈnis-tik\ adjective

olig- + Greek opsōnia purchase of victuals, from opsōnein to purchase victuals, from opson food + ōneisthai to buy — more at venal

First Known Use: 1942

Next Word in the Dictionary: oligopyrenePrevious Word in the Dictionary: oligopsonistAll Words Near: oligopsony

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