Apedia

Market Buyers Oligopsony Ah Luh Gahp Suh Nee Noun Situation Exerts Disproportionate

Front oligopsony \ah-luh-GAHP-suh-nee\
Back noun
A market situation in which each of a few buyers exerts a disproportionate influence on the market.

[From Greek oligo- (few, little) + opsonia (purchase). A word that shares the same prefix is oligarchy: government by the few, where political power is held by a small group and used for selfish and corrupt purposes.]

"Does a joint Internet venture by the world's automakers to purchase parts amount to an illegal oligopsony--a cartel of buyers that can drive prices down through their market power?" - James V. Grimaldi; Trustbusters Put On a Stern Face; The Washington Post; Jun 29, 2000.

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