monopsony

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Related to Monopsonistic competition: Monopolistic competition

mo·nop·so·ny

 (mə-nŏp′sə-nē)
n. pl. mo·nop·so·nies
A market situation in which the product or service of several sellers is sought by only one buyer.

[mon(o)- + Greek opsōniā, purchase of food; see duopsony.]

mo·nop′so·nist n.
mo·nop′so·nis′tic adj.

monopsony

(məˈnɒpsənɪ)
n, pl -nies
(Economics) a situation in which the entire market demand for a product or service consists of only one buyer
[C20: mono- + Greek opsōnia purchase, from opsōnein to buy]
moˌnopsoˈnistic adj

mo•nop•so•ny

(məˈnɒp sə ni)

n., pl. -nies.
the market condition that exists when there is only one buyer for a product or service from a large number of sellers.
[1930–35; mon- + Greek opsōnía shopping, purchase of provisions]
mo•nop′so•nist, n.

monopsony

the market condition that exists when only one buyer will purchase the products of a number of sellers. — monopsonist, n.monopsonistic, adj.
See also: Trade

monopsony

A market in which there are multiple suppliers but only one buyer.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.monopsony - (economics) a market in which goods or services are offered by several sellers but there is only one buyer
market, marketplace, market place - the world of commercial activity where goods and services are bought and sold; "without competition there would be no market"; "they were driven from the marketplace"
economic science, economics, political economy - the branch of social science that deals with the production and distribution and consumption of goods and services and their management
Translations

monopsony

[məˈnɒpsənɪ] Nmonopsonio m
References in periodicals archive ?
Oligopsony and monopsonistic competition in labor markets.
Bhaskar and To (1999) develop a model of monopsonistic competition in the labor market based on what they call "horizontal job differentiation"--the idea that workers have different preferences among the nonwage characteristics of a job that enable any one of several firms competing for labor to lower its wage offer without losing all its workers.
Minimal Wages for Ronald McDonnell Monopsonies: A Theory of Monopsonistic Competition.