DUOPSONY


Meaning of DUOPSONY in English

-psənē noun

( -es )

Etymology: duo- + Greek opsōnia purchase of victuals, catering, from opsōnein to purchase victuals (from opson prepared food, relish) + -ia -y

: a market situation in which two rival buyers hold the controlling power of determining the demand for a product or service from a large number of sellers — compare monopsony , oligopsony

Webster's New International English Dictionary.      Новый международный словарь английского языка Webster.