Oligopolist vs Oligopsony - What's the difference?
oligopolist | oligopsony |
A member of an oligopoly; one of a small number of sellers with undue influence over a market.
* {{quote-book, year=2006, author=
, title=Internal Combustion
, chapter=2 * {{quote-news, year=2009, date=June 5, author=David Gillen, title=In Ratings Agencies, Investors Still Trust, work=New York Times
, passage=“As a classic oligopolist , Moody’s earns exceedingly high margins while paying only the needed lip service to product quality.” }} An economic condition in which a small number of buyers exert control over the market price of a commodity.
As nouns the difference between oligopolist and oligopsony
is that oligopolist is a member of an oligopoly; one of a small number of sellers with undue influence over a market while oligopsony is an economic condition in which a small number of buyers exert control over the market price of a commodity.oligopolist
English
(Oligopoly)Noun
(en noun)citation, passage=But through the oligopoly, charcoal fuel proliferated throughout London's trades and industries. By the 1200s, brewers and bakers, tilemakers, glassblowers, pottery producers, and a range of other craftsmen all became hour-to-hour consumers of charcoal. This only magnified the indispensable nature of the oligopolists .}}
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