oligopsony
n. strong influence of a small group of buyers (Economics) | ||||
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Oligopsony definition was found in categories: Business & Finance(3) Encyclopedia(1)
Oligopsony Definition from Business & Finance Dictionaries & Glossaries
| Campbell R. Harvey's Hypertextual Finance Glossary |
Oligopsony
A market characterized by a small number of large buyers who control all purchases and therefore the market price of a good or service.
A market characterized by a small number of large buyers who control all purchases and therefore the market price of a good or service.
| MONASH Marketing Dictionary |
Oligopsony
a market situation in which there are only a few buyers.
a market situation in which there are only a few buyers.
| Raynet Business & Marketing Glossary |
Oligopsony
a market with only a few buyers.
a market with only a few buyers.
Oligopsony Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Oligopsony
An oligopsony is a market form in which the number of buyers is small while the number of sellers in theory could be large. This typically happens in market for inputs where a small number of firms are competing to obtain factors of production. It resembles an Oligopoly, where there are many buyers but just a few sellers. An oligopsony is a form of Imperfect competition. The terms monopoly (one seller), monopsony (one buyer), and bilateral monopoly have a similar relationship.
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