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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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Examples from the web for monopsony
  • Silly suggestion of bartering considering how physicians operate in a market where insurance groups have monopsony power.
  • Doctor's receive a fixed fee for a service by the insurers, which have monopsony power.
  • But the government has a monopsony in intelligence for national security.
  • So a counterbalancing monopsony can actually reduce the deadweight loss created by providers.
  • Before you become appalled, imagine that the market for one of my organs is a monopsony and that the only buyer is you.
British Dictionary definitions for monopsony

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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