monopsony
[ muh-nop-suh-nee ]
/ məˈnɒp sə ni /
noun, plural mo·nop·so·nies.
the market condition that exists when there is one buyer.
Compare
duopsony,
oligopsony.
Origin of monopsony
1930–35;
mon- + Greek
opsōnía shopping, purchase of provisions
OTHER WORDS FROM monopsony
mo·nop·so·nist, noun mo·nop·so·nis·tic, adjectiveWords nearby monopsony
monopolize,
monopoly,
monopolylogue,
monopropellant,
monoprotic,
monopsony,
monopteral,
monopteron,
monopteros,
monorail,
monorchid
British Dictionary definitions for monopsonistic
monopsony
/ (məˈnɒpsənɪ) /
noun plural -nies
a situation in which the entire market demand for a product or service consists of only one buyer
Derived forms of monopsony
monopsonistic, adjectiveWord Origin for monopsony
C20:
mono- + Greek
opsōnia purchase, from
opsōnein to buy