The Duopsony Condition
Investing involves dealing with investing terms and here is another one to add to your vocabulary. The term duopsony refers to an economic condition where there are only two large buyers for a product or service. Like in a monopoly, this has its drawbacks.
For example, the two companies might offer lower wages for its employees as there is slow competition when it comes to hiring people. This can also affect producers as companies can dictate lower prices for the supply of good being bought just like in a monopoly.
