Oligopsony



[ol-i-gop-suh-nee] /ˌɒl ɪˈgɒp sə ni/

noun
1.
the market condition that exists when there are few buyers, as a result of which they can greatly influence price and other market factors.
/ˌɒlɪˈɡɒpsənɪ/
noun (pl) -nies
1.
a market situation in which the demand for a commodity is represented by a small number of purchasers

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