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Definition of oligopsonistic in English:

oligopsonistic

Pronunciation /ˌäliˌɡäpsəˈnistik/

adjective

Economics

See oligopsony

‘Three market observations indicate the possible existence of oligopsonistic elements in the ONP market: the existence of barriers to entry; relatively few buyers and many sellers; and historically large price variations.’
  • ‘The farm sector is not receiving that money because of the oligopsonistic [buyer shared monopoly] meat packers, and the oligopsonistic retailers have positioned themselves to capture the bulk of that profit.’
  • ‘The oligopsonistic behavior of ONP buyers led to greater price distortions in all four regions.’