OLIGOPSONY


Meaning of OLIGOPSONY in English

[ ɒlɪ'gɒps(ə)ni ]

■ noun ( plural oligopsonies ) a state of the market in which only a small number of buyers exists for a product.

Origin

1940s: from oligo- , on the pattern of monopsony .

Concise Oxford English vocab.      Сжатый оксфордский словарь английского языка.