- the market condition that exists when there are few buyers, as a result of which they can greatly influence price and other market factors.
Origin of oligopsony
1940–45; olig- + Greek opsōnía purchase of provisions, shopping
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
- 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