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An oligopsony (from Greek ὀλίγοι (oligoi) "few" and ὀψωνία (opsōnia) "purchase") 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 a market for inputs where numerous suppliers are competing to sell their product to a small number of (often large ...
- Oligopoly - Simple English Wikipedia, the free encyclopedia
In economics, an oligopoly is a market form in which the...
- Oligopsony - Simple English Wikipedia, the free encyclopedia
Oligopsony. In microeconomics an oligopsony is a market form...
- Oligopoly - Simple English Wikipedia, the free encyclopedia
Apr 23, 2022 · An oligopsony is a market for a product or service which is dominated by a few large buyers. The concentration of demand in just a few parties gives each substantial power over the sellers and...
- Will Kenton
Monopoly. Oligopoly. Buyers. Monopsony. Oligopsony. An oligopoly (from Ancient Greek ὀλίγος (olígos) 'few', and πωλέω (pōléō) 'to sell') is a market in which control over an industry lies in the hands of a few large sellers who own a dominant share of the market.
Oligopsony. An oligopsony is a situation when there are only a small number of buyers in a market. This means that a limited number of people have market power and are able to lower the price they pay for a good or service due to the lack of competition.
Jul 6, 2011 · Oligopsony Definition - Economics Help. 6 July 2011 by Tejvan Pettinger. Oligopsony occurs when a few firms dominate the purchase of goods / services / factors of production. This means that the few firms have considerable market power in paying low prices for inputs. Example – supermarket industry.
