A good example of an oligopsony would be the U.S. fast food industry, in which a small number of large buyers (i.e. McDonald's, Burger King, Wendy's) controls the U.S. meat market. Such control allows these fast food mega-chains to dictate the price they pay to farmers for meat and to influence animal welfare conditions and labor standards.
Investment dictionary. Academic. 2012.
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oligopsony — [äl΄i gäp′sə nē] n. pl. oligopsonies [ OLIG(O) + Gr opsōnia, a purchase of food, catering < opsōnein: see OPSONIN] control of the purchase of a commodity or service in a given market by a small number of buyers oligopsonist n. oligopsonistic… … English World dictionary
Oligopsony — An oligopsony (from Ancient Greek ὀλίγοι (oligoi) few + 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… … Wikipedia
oligopsony — noun Etymology: olig + Greek opsōnia purchase of victuals, from opsōnein to purchase victuals, from opson food + ōneisthai to buy more at venal Date: 1942 a market situation in which each of a few buyers exerts a disproportionate influence on the … New Collegiate Dictionary
oligopsony — oligopsonistic, adj. /ol i gop seuh nee/, n. the market condition that exists when there are few buyers, as a result of which they can greatly influence price and other market factors. Cf. duopsony, monopsony. [1940 45; OLIG + Gk opsonía purchase … Universalium
oligopsony — noun An economic condition in which a small number of buyers exert control over the market price of a commodity. See Also: oligopsonist, oligopsonistic, oligopsonistically … Wiktionary
oligopsony — A market characterized by a small number of large buyers who control all purchases and therefore the market price of a good or service. Bloomberg Financial Dictionary … Financial and business terms
oligopsony — É‘lÉª gÉ‘psÉ™nÉª / É’lÉªgÉ’ n. strong influence of a small group of buyers (Economics) … English contemporary dictionary
oligopsony — [ɒlɪ gɒps(ə)ni] noun (plural oligopsonies) a state of the market in which only a small number of buyers exists for a product. Origin 1940s: from oligo , on the pattern of monopsony … English new terms dictionary
oligopsony — ol·i·gop·so·ny … English syllables
oligopsony — ol•i•gop•so•ny [[t]ˌɒl ɪˈgɒp sə ni[/t]] n. pl. nies the market condition that exists when there are few buyers, who can thereby greatly influence price and other market factors • Etymology: 1940–45; olig + Gk opsōnía purchase of provisions,… … From formal English to slang