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, adjective

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, adjective

Word Origin for monopsony

C20: mono- + Greek opsōnia purchase, from opsōnein to buy