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monopsony
[ muh-nop-suh-nee ]
noun
, plural mo·nop·so·nies.
- the market condition that exists when there is one buyer.
monopsony
/ məˈnɒpsənɪ /
noun
- a situation in which the entire market demand for a product or service consists of only one buyer
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Derived Forms
- moˌnopsoˈnistic, adjective
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Other Words From
- mo·nopso·nist noun
- mo·nopso·nistic adjective
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Word History and Origins
Origin of monopsony1
First recorded in 1930–35; mon- + Greek opsōnía “shopping, purchase of provisions”
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Word History and Origins
Origin of monopsony1
C20: mono- + Greek opsōnia purchase, from opsōnein to buy
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Example Sentences
So that increasing concentration, it can show up in funny ways — non-compete clauses can create a kind of monopsony power.
From Freakonomics
At the same time, in many industries, product market competition has eroded, concentration has increased, and there is growing evidence of monopsony power.
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