duopsony

noun

du·​op·​so·​ny

-psənē

plural -es

: a market situation in which two rival buyers hold the controlling power of determining the demand for a product or service from a large number of sellers compare monopsony, oligopsony

Word History

Etymology

duo- + Greek opsōnia purchase of victuals, catering, from opsōnein to purchase victuals (from opson prepared food, relish) + -ia -y

The Ultimate Dictionary Awaits

Expand your vocabulary and dive deeper into language with Merriam-Webster Unabridged.

1. Expanded definitions
2. Detailed etymologies
3. Advanced search tools
4. All ad-free

Discover what makes Merriam-Webster Unabridged the essential choice for true word lovers.

Start Your Free Trial Now