monopsony

[ muh-nop-suh-nee ]

noun,plural mo·nop·so·nies.
  1. the market condition that exists when there is one buyer.

Origin of monopsony

1
First recorded in 1930–35; mon- + Greek opsōnía “shopping, purchase of provisions”

Other words from monopsony

  • mo·nop·so·nist, noun
  • mo·nop·so·nis·tic, adjective

Words Nearby monopsony

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How to use monopsony in a sentence

British Dictionary definitions for monopsony

monopsony

/ (məˈnɒpsənɪ) /


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

Origin of monopsony

1
C20: mono- + Greek opsōnia purchase, from opsōnein to buy

Derived forms of monopsony

  • monopsonistic, adjective

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