51Թ

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monopsony

[muh-nop-suh-nee]

noun

plural

monopsonies 
  1. the market condition that exists when there is one buyer.



monopsony

/ əˈɒəɪ /

noun

  1. a situation in which the entire market demand for a product or service consists of only one buyer

“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Other 51Թ Forms

  • monopsonist noun
  • monopsonistic adjective
  • ˌԴDZˈԾپ adjective
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51Թ History and Origins

Origin of monopsony1

First recorded in 1930–35; mon- + Greek DZōí “shopping, purchase of provisions”
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51Թ History and Origins

Origin of monopsony1

C20: mono- + Greek DZōԾ purchase, from DZōԱ𾱲 to buy
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Example Sentences

Examples have not been reviewed.

A monopsony is a market situation in which there is only one buyer in a market.

From

But what is new is a monopsony case focused on the highest-paid sellers.

From

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.

From

If you sell salami, and there is only one sandwich shop around to buy it, that’s a monopsony.

From

The Justice Department says this merger would make for too much consolidation in the publishing industry, creating what’s called a monopsony.

From

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