oligopsony noun. [ɒlɪ'gɒps(ǝ)ni] M20.
[from OLIGO- + Greek opsōnein buy provisions, after MONOPSONY.]
Economics. A state of the market in which only a small number of buyers exists for a product.

■ oligopso'nistic adjective of or pertaining to oligopsony M20.

■ oligopsonist noun each of the few buyers for a particular product M20.

[TahlilGaran] English Dictionary ▲