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Usage Examples
Filter by Meaning The oligopsony in the food processing industry meant that a small number of companies had significant control over the prices of raw agricultural products.
The book publishing industry is facing an oligopsony, with only a few large retailers controlling the market.
The oil and gas industry has become an oligopsony, with only a few major buyers controlling the market.
The oligopsony in the construction industry meant that a small number of contractors held the power to set prices for building materials.
The oligopsony in the fashion industry meant that only a few major retailers had significant bargaining power over clothing manufacturers.
The hospital's purchasing department is operating as an oligopsony, with only a handful of suppliers for medical equipment.
The oligopsony buying power of the automotive industry has led to consolidation among suppliers.
In a small town, there may be only one or two large buyers of agricultural products, leading to an oligopsony in the market.
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