21 January 2005

Word for the Day

oligopsony · a-li-‘gôp-s&-ni · noun

: a market situation in which each of a few buyers exerts a disproportionate influence on the market
- oligopsonistic · -"gôp-s&-'nis-tik · adjective

Etymology: olig- + Greek opsOnia purchase of victuals, from opsOnein to purchase victuals, from opson food + Oneisthai to buy; see venal


monopsony · m&-'näp-s&-nE · noun [pluralnies]

: an oligopsony limited to one buyer

- monopsonistic · -"näp-s&-'nis-tik · adjective

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