[ ol-i-gop-suh-nee ]
/ ˌɒl ɪˈgɒp sə ni /
the market condition that exists when there are few buyers, as a result of which they can greatly influence price and other market factors.
IT’S A WORD OF THE DAY QUIZ BONANZA!
This windfall of words will make you rich with knowledge. Mine your memory on the words from July 27 to August 2!
Question 1 of 7
What does "scattergood" mean?
a person who acts as though he or she knows everything and who dismisses the opinions, comments, or suggestions of others.
a person who spends possessions or money extravagantly or wastefully; spendthrift.
a well-intentioned but naive and often ineffectual social or political reformer.TAKE THE QUIZ TO FIND OUT
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. 2020
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