mo·nop·so·ny (m -n p s-n )n. pl. mo·nop·so·nies A market situation in which the product or service of several sellers is sought by only one buyer. mo·nop so·nist n.mo·nop  so·nistic adj. |
ni
, purchase of food; see duopsony.]monopsony [məˈnɒpsənɪ]
n pl -nies
(Economics) a situation in which the entire market demand for a product or service consists of only one buyer
[mono- + Greek opsōnia purchase, from opsōnein to buy]
monopsonistic adj
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
ThesaurusLegend: Synonyms Related Words Antonyms
| Noun | 1. | 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 |
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