"Oligopsony" Pronounce,Meaning And Examples

"Oligopsony" Natural Recordings by Native Speakers

Oligopsony

"Oligopsony" Meaning

An oligopsony is a market structure in which a small number of buyers (less than five) has the power to influence prices and quantities traded in a particular market. In other words, an oligopsony is a market where there are only a few large buyers, and they collectively have significant market power. This can lead to higher prices for goods and services, as sellers must compete for the limited number of buyers.

"Oligopsony" Examples

Oligopsony Usage Examples

The company's oligopsony power allowed it to dictate prices to its suppliers, putting them at a disadvantage.
Economists studied the effects of an oligopsony in the labor market, revealing exclusions and privations for workers.
The small number of buyers created an oligopsony, giving the trading company significant influence over the market.
In a rare example of non-oligopsony, the online platform allowed multiple buyers to negotiate prices with multiple sellers.
The merger led to an oligopsony in the regional agricultural market, leading to higher prices and reduced choice for consumers.

"Oligopsony" Similar Words

Oligopnea

Oligopolies

Oligopolist

An oligopolist is a business or company that operates in a market where there are only a few sellers, typically less than five. This can lead to intense competition and pricing power, as each company tries to differentiate themselves and gain a competitive advantage over their rivals. In an oligopolistic market, the actions of one company can have a significant impact on the market as a whole, and companies may engage in non-price competition, such as advertising and product differentiation, in addition to pricing decisions.

Oligopolistic

Oligopolists

Oligopoly

Oligopotency

Oligopotent

Oligosaccharide

Oligosaccharides

Oligosepalous

Oligosepalous refers to a flower that has a small number of sepals. Sepals are the leaf-like structures that protect the bud of a flower and typically drop off once the flower opens. Oligosepalous applies specifically to flowers that have fewer than the typical 5-15 sepals, often only 2, 3, or 4.