Definition

A situation in the market where two main buyers have significant control over many sellers, affecting prices and supply.

Example

In a duopsony, the two large companies can dictate terms to the smaller suppliers.

Conversation

Have you heard about the concept of duopsony in the stock market?

Yeah, it's when two big buyers control the prices, right?

Exactly! It can really affect the sellers' ability to negotiate.

For sure, it's interesting how market dynamics work like that.

Synonyms & Antonyms

Root Explanation

Duopsony → It is formed from "duo-" (meaning two) and "opsonia" (from Greek "opsonion", meaning purchase or food). The word describes a market situation where there are only two buyers for a product or service.

Memory Tip

Think of 'two' ('duo-') buyers in a market, which helps you remember that 'duopsony' refers to a market with just two buyers.

Visually Confused Words