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Economics
Duopsony
A market with many sellers but only two dominant buyers, giving those buyers significant power to influence prices and terms.
Duopsony allows buyers to negotiate lower prices or favorable conditions. It can lead to market inefficiencies and may require regulation to prevent exploitation of suppliers.
Like two landlords deciding rents for an entire neighborhood — sellers have few options and must comply.
Real world: Two large supermarket chains controlling purchasing from local farmers.
💡 Duopsony gives two buyers significant power over multiple sellers, shaping the market.