oligopsony [noun]
Definition of oligopsony:
A market situation where there are few buyers for a particular good or service. This gives the buyers significant market power.
Opposite/Antonyms of oligopsony:
-
Sentence/Example of oligopsony:
The tobacco industry often exhibits characteristics of an oligopsony, with a limited number of buyers purchasing vast quantities of tobacco leaf.
The automotive industry can be seen as an oligopsony for steel, as a small number of car manufacturers purchase a significant portion of the global steel supply.
The airline industry is an oligopsony for jet engines, with only a few major airlines controlling a large portion of the market.
The fast-food industry can be considered an oligopsony for beef, as a handful of large chains account for a substantial portion of beef purchases.
The dairy industry often operates as an oligopsony, with a small number of processors buying milk from a large number of farmers.
The electronics industry can exhibit oligopsony characteristics for certain rare earth minerals, essential for manufacturing electronic devices.
The coffee bean market can sometimes be seen as an oligopsony, with a few large roasting companies purchasing a significant portion of the global coffee bean supply.
The sugar industry can operate as an oligopsony, with a limited number of refineries buying sugar cane from a large number of farmers.
The cotton industry can exhibit oligopsony characteristics, with a few textile manufacturers purchasing a significant portion of the cotton produced.
The banana industry can be considered an oligopsony, with a small number of large fruit companies buying bananas from numerous small producers.
The aluminum industry can operate as an oligopsony for bauxite, the primary ore used in aluminum production.
The beef cattle industry can exhibit oligopsony characteristics, with a few large meatpacking companies buying cattle from a large number of ranchers.
The poultry industry can be seen as an oligopsony for corn and soybeans, which are used as feed for chickens.
The semiconductor industry can exhibit oligopsony characteristics for certain specialized materials used in chip manufacturing.
The oil and gas industry can operate as an oligopsony for drilling equipment and services, with a few major oil companies controlling a large portion of the market.
The mining industry can exhibit oligopsony characteristics for certain heavy equipment used in mining operations.
The aerospace industry can be seen as an oligopsony for titanium, a crucial material used in aircraft construction.
The pharmaceutical industry can exhibit oligopsony characteristics for certain active pharmaceutical ingredients.
The renewable energy industry can operate as an oligopsony for specific types of raw materials used in renewable energy technologies.
The construction industry can exhibit oligopsony characteristics for certain types of heavy machinery used in large-scale projects.
The agricultural industry can sometimes operate as an oligopsony for specific types of fertilizers and pesticides.
The automotive industry can be seen as an oligopsony for certain types of specialized steel alloys.
The electronics industry can exhibit oligopsony characteristics for certain types of liquid crystal displays.
The food processing industry can operate as an oligopsony for specific agricultural products.
The defense industry can exhibit oligopsony characteristics for certain specialized military equipment.