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Ice · 06-07-2005, 11:09 PM

oligopsony (oli-GOP-suh-nee) noun

The market condition where a few buyers control the market for a product.

[From Greek oligo- (few, little) + opsonia (purchase).]

A word that shares the same prefix is oligarchy: government by the few, where political power is held by a small group and used for selfish and corrupt purposes.

"Does a joint Internet venture by the world's automakers to purchase parts amount to an illegal oligopsony--a cartel of buyers that can drive prices down through their market power?"

06-07-2005, 11:09 PM
Ice Confirmed User Join Date: Nov 2002 Location: Sunny California Posts: 26,053	Todays word of the day.......... oligopsony (oli-GOP-suh-nee) noun The market condition where a few buyers control the market for a product. [From Greek oligo- (few, little) + opsonia (purchase).] A word that shares the same prefix is oligarchy: government by the few, where political power is held by a small group and used for selfish and corrupt purposes. "Does a joint Internet venture by the world's automakers to purchase parts amount to an illegal oligopsony--a cartel of buyers that can drive prices down through their market power?" __________________ icq 1904905