Meaning Of The Word Oligopsony

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Oligopsony Meaning

Oligopsony Definition
Oligopsony Definition

What's The Definition Of Oligopsony?

oligopsony in American English
control of the purchase of a commodity or service in a given market by a small number of buyers
noun: the market condition that exists when there are few buyers, as a result of which they can greatly influence price and other market factors

oligopsony in British English
noun: a market situation in which the demand for a commodity is represented by a small number of purchasers

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