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oligopsony

The correct spelling is oligopsony.

How to pronounce oligopsony

noun

Say it like: Oli-gop-son-ee

The correct spelling is oligopsony. An economic condition in which a small number of buyers exert control over the market price of a commodity.

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Definition

noun

  1. 1.An economic condition in which a small number of buyers exert control over the market price of a commodity.

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