oligopsonisticadj.
/ˌɒlᵻˌɡɒpsəˈnɪstɪk/, U.S. /ˈˌɑləˌɡɑpsəˈnɪstɪk/, /ˈˌoʊləˌɡɑpsəˈnɪstɪk/ Economics.
Of or relating to oligopsony.
ΘΚΠ
society > trade and finance > trading conditions > [adjective] > monopsony or oligopsony
monopsonistic1933
oligopsonistic1938
monopsonic1965
1938 G. M. Modlin Social Control of Industry 121 The principal buyers of agricultural products are monopsonistic or oligopsonistic middlemen.
1972 J. Winkler On Marketing Planning xiii. 205 Companies operating in oligopsonistic markets find that great power flows to their salesmen.
2000 Jrnl. Labor Econ. 18 471 Under asymmetric information, all workers within the same labor pool are given the same gross wage set noncooperatively by oligopsonistic firms.
This entry has been updated (OED Third Edition, March 2004; most recently modified version published online March 2022).
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