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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 ...
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.
Apr 23, 2022 · Chip Stapleton. Oligopsony: An Overview. 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...
- Will Kenton
It makes sense, then, that oligopsony refers to a buyer's market in which the seller is subjected to the potential demands of a limited pool of buyers. Another related word is monopsony, used for a more extreme oligopsony in which there is only a single buyer.
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Sep 1, 2023 · Abstract. In a heterogeneous-firm model with oligopsonistic local labor markets, this paper shows that opening up to trade can affect distortion in such markets. The distortion arises because firms are large and able to exercise market power over their local workers.
Oligopsony - Simple English Wikipedia, the free encyclopedia. Contents. hide. Beginning. References. Oligopsony. In microeconomics an oligopsony is a market form where there are few buyers. There may be many sellers, but because there are few buyers, the decision each buyer makes influences the whole market.
Oct 1, 2019 · Updated October 1, 2019. What is an Oligopsony? An oligopsony is a market in which only a few buyers purchase all of an industry's output. How Does an Oligopsony Work? Let's assume that Company XYZ, Company ABC and Company 123 buy 95% of the country's carrots.
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