What does oligopsony mean?

Definitions for oligopsony
ˌɒl ɪˈgɒp sə nioligop·sony

This dictionary definitions page includes all the possible meanings, example usage and translations of the word oligopsony.

Wiktionary

  1. oligopsonynoun

    An economic condition in which a small number of buyers exert control over the market price of a commodity.

  2. Etymology: From ὀλίγοι + ὀψωνία, corresponding to.

Wikipedia

  1. Oligopsony

    An oligopsony (from Greek ὀλίγοι (oligoi) "few" and ὀψωνία (opsōnia) "purchase") is a market form in which the number of buyers is small while the number of sellers in theory could be large. This typically happens in a market for inputs where numerous suppliers are competing to sell their product to a small number of (often large and powerful) buyers. It contrasts with an oligopoly, where there are many buyers but few sellers. An oligopsony is a form of imperfect competition. The terms monopoly (one seller), monopsony (one buyer), and bilateral monopoly have a similar relationship.

Wikidata

  1. Oligopsony

    An oligopsony is a market form in which the number of buyers is small while the number of sellers in theory could be large. This typically happens in a market for inputs where numerous suppliers are competing to sell their product to a small number of buyers. It contrasts with an oligopoly, where there are many buyers but few sellers. An oligopsony is a form of imperfect competition. The terms monopoly, monopsony, and bilateral monopoly have a similar relationship.

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Numerology

  1. Chaldean Numerology

    The numerical value of oligopsony in Chaldean Numerology is: 9

  2. Pythagorean Numerology

    The numerical value of oligopsony in Pythagorean Numerology is: 3

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"oligopsony." Definitions.net. STANDS4 LLC, 2024. Web. 19 Mar. 2024. <https://www.definitions.net/definition/oligopsony>.

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