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

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