Definition of Monopsony

1. Noun. (economics) a market in which goods or services are offered by several sellers but there is only one buyer.

Generic synonyms: Market, Market Place, Marketplace
Category relationships: Economic Science, Economics, Political Economy

Definition of Monopsony

1. Noun. A market situation in which there is only one buyer for a product. ¹

¹ Source: wiktionary.com

Definition of Monopsony

1. [n -NIES]

Lexicographical Neighbors of Monopsony

monopolylogue
monopolylogues
monoprint
monoprints
monopropellant
monopropellants
monoprotected
monoprotic
monoprotic acid
monops
monopsonies
monopsonist
monopsonistic
monopsony (current term)
monopsychism
monopteral
monopteron
monopthong
monopthongs
monoptote
monoptotes
monoptychial
monopulse radar
monopyrenous
monoracial
monorail
monorails
monorchia

Literary usage of Monopsony

Below you will find example usage of this term as found in modern and/or classical literature:

1. Biological, Social, and Organizational Components of Success for Women in by National Academy of Sciences (U.S., National Academy of Engineering, Institute of Medicine (U.S. (2006)
"Economic models of monopsony (where the university acts as the sole purchaser ... Both the monopsony and loyal servant explanations would be evident in the ..."

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