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oligopsony
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The answer OLIGOPSONY has 0 possible clue(s) in existing crosswords.
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Definitions of oligopsony in various dictionaries:
OLIGOPSONY - An oligopsony (from Ancient Greek (oligoi) "few" + (opsnia) "purchase") is a market form in which the number of buyers is small while the number o...
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| A market condition in which purchasers are so few that the actions of any one of them can materially affect price and the costs that competitors must pay. |
| Oligopsony description |
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An oligopsony (from Ancient Greek (oligoi) "few" + (opsnia) "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. |