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Glossary > O > "Oligopsony" Definition

Oligopsony

Similar to an oligopoly, but where a small number of large buyers (not sellers) control a large proportion of the market and drive prices down.

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Oligopsony - Similar to an oligopoly, but where a small number of large buyers (not sellers) control a large proportion of the market and drive prices down.

Oligopsony : similar to an oligopoly, but where a small number of large buyers (not sellers) control a large proportion of the market and drive prices down.