monopsony
[ muh-nop-suh-nee ]
noun,plural mo·nop·so·nies.
the market condition that exists when there is one buyer.
Origin of monopsony
1First 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
- Compare duopsony, oligopsony.
Words Nearby monopsony
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use monopsony in a sentence
So that increasing concentration, it can show up in funny ways — non-compete clauses can create a kind of monopsony power.
She’s From the Government, and She’s Here to Help (Ep. 466) | Stephen J. Dubner | June 17, 2021 | FreakonomicsAt the same time, in many industries, product market competition has eroded, concentration has increased, and there is growing evidence of monopsony power.
Will there be enough good jobs? | Laura D’Andrea Tyson, PhD ’74 | April 28, 2021 | MIT Technology Review
British Dictionary definitions for monopsony
monopsony
/ (məˈnɒpsənɪ) /
nounplural -nies
a situation in which the entire market demand for a product or service consists of only one buyer
Origin of monopsony
1C20: mono- + Greek opsōnia purchase, from opsōnein to buy
Derived forms of monopsony
- monopsonistic, adjective
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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