word
oligopsony
ol-ih-GOP-suh-nee
ˌɒlɪˈɡɒpsəniListen
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Syllable breakdown
oligopsony
Dictionary meaning
A market condition with many sellers but only a few powerful buyers.
History and origin
Greek oligos + opsonia.
Examples
- Farmers often face an oligopsony when only a handful of processors buy their crop.
Common mispronunciations
ol-ih-GOP-soh-nee
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