monopsony definition

  • noun:
    • A market scenario in which the products or services of a few sellers is desired by only 1 purchaser.
    • A market situation where there is certainly one purchaser for a product.
    • (economics) market for which goods or solutions might be offered by several sellers but there is just one buyer

Related Sources

  • Definition for "monopsony"
    • A market scenario in which the products or…
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  • Urban Dictionary for "monopsony"
    • the exact opposite of a monopoly;…
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