monopsony

[muh-nop-suh-nee]

mo·nop·so·ny

[muh-nop-suh-nee]
noun, plural mo·nop·so·nies.
the market condition that exists when there is one buyer.


Origin:
1930–35; mon- + Greek opsōnía shopping, purchase of provisions

mo·nop·so·nist, noun
mo·nop·so·nis·tic, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Monopsony is always a great word to know.
So is zedonk. Does it mean:
the offspring of a zebra and a donkey.
a calculus or concretion found in the stomach or intestines of certain animals, esp. ruminants, formerly reputed to be an effective remedy for poison.
Collins
World English Dictionary
monopsony (məˈnɒpsənɪ)
 
n , pl -nies
a situation in which the entire market demand for a product or service consists of only one buyer
 
[C20: mono- + Greek opsōnia purchase, from opsōnein to buy]
 
monopso'nistic
 
adj

Collins English Dictionary - Complete & Unabridged 10th Edition
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