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.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

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.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.

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
-Ologies & -Isms. Copyright 2008 The Gale Group, Inc. All rights reserved.

monopsony

A market in which there are multiple suppliers but only one buyer.
Dictionary of Unfamiliar Words by Diagram Group Copyright © 2008 by Diagram Visual Information Limited
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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
Translations

monopsony

[məˈnɒpsənɪ] Nmonopsonio m
Collins Spanish Dictionary - Complete and Unabridged 8th Edition 2005 © William Collins Sons & Co. Ltd. 1971, 1988 © HarperCollins Publishers 1992, 1993, 1996, 1997, 2000, 2003, 2005
References in periodicals archive ?
"Minimal Wages for Ronald McDonnell Monopsonies: A Theory of Monopsonistic Competition." Economic Journal, 109, 1999, 190-203.
Oligopsony and monopsonistic competition in labor markets.
"Oligopsony and Monopsonistic Competition in Labor Markets." Journal of Economic Perspectives, 16, 2002, 155-74.