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monopsony
[muh-nop-suh-nee]
noun
plural
monopsoniesthe market condition that exists when there is one buyer.
monopsony
/ əˈɒəɪ /
noun
a situation in which the entire market demand for a product or service consists of only one buyer
Other 51Թ Forms
- monopsonist noun
- monopsonistic adjective
- ˌԴDZˈԾپ adjective
51Թ History and Origins
Origin of monopsony1
51Թ History and Origins
Origin of monopsony1
Example Sentences
A monopsony is a market situation in which there is only one buyer in a market.
But what is new is a monopsony case focused on the highest-paid sellers.
The trial was not about whether the deal would create a monopoly, but about whether it would lead to a monopsony, or too much control over suppliers — in this case, top-selling writers.
If you sell salami, and there is only one sandwich shop around to buy it, that’s a monopsony.
The Justice Department says this merger would make for too much consolidation in the publishing industry, creating what’s called a monopsony.
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