[ ol-i-gop-suh-nee ]
/ ˌɒl ɪˈgɒp sə ni /
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the market condition that exists when there are few buyers, as a result of which they can greatly influence price and other market factors.
QUIZ YOURSELF ON "WAS" VS. "WERE"!
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“Was” is used for the indicative past tense of “to be,” and “were” is only used for the subjunctive past tense.
Origin of oligopsony
First recorded in 1940–45; olig- + Greek opsōnía “purchase of provisions, shopping”
OTHER WORDS FROM oligopsonyol·i·gop·so·nis·tic, adjective
Words nearby oligopsony
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021
British Dictionary definitions for oligopsony
/ (ˌɒlɪˈɡɒpsənɪ) /
noun plural -nies
a market situation in which the demand for a commodity is represented by a small number of purchasers
Derived forms of oligopsonyoligopsonistic, adjective
Word Origin for oligopsony
C20: from oligo- + -opsony, from Greek opsōnia purchase of food
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012