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monopsony

[muh-nop-suh-nee] /məˈnɒp sə ni/
noun, plural monopsonies.
1.
the market condition that exists when there is one buyer.
Compare duopsony, oligopsony.
Origin
1930-1935
1930-35; mon- + Greek opsōnía shopping, purchase of provisions
Related forms
monopsonist, noun
monopsonistic, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for monopsonistic

monopsony

/məˈnɒpsənɪ/
noun (pl) -nies
1.
a situation in which the entire market demand for a product or service consists of only one buyer
Derived Forms
monopsonistic, adjective
Word Origin
C20: mono- + Greek opsōnia purchase, from opsōnein to buy
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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