Tuesday, August 23, 2011
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 market for inputs where a small number of firms are competing to obtain factors of production. It contrasts with an oligopoly, where there are many buyers but just a few sellers. An oligopsony is a form of imperfect competition.
Subscribe to:
Post Comments (Atom)
-
Nureongi (누렁이) and Hwangu (황구; 黃狗) are Korean terms meaning "Yellow Dog" used to refer to tannish mongrel or landrace of dog in... -
Three portions of the post-creole continuum : acrolect ( linguistics ) The variety of speech that is considered the standard form. m...
No comments:
Post a Comment