monopsonisticadj.
/məˌnɒpsəˈnɪstɪk/, U.S. /məˌnɑpsəˈnɪstɪk/ Economics.
Relating to or characterized by monopsony; that is a monopsonist.
ΘΚΠ
society > trade and finance > trading conditions > [adjective] > monopsony or oligopsony
monopsonistic1933
oligopsonistic1938
monopsonic1965
1933 J. Robinson Econ. Imperfect Competition xxvi. 296 Monopsonistic exploitation can also arise where..the supply of labour to each firm is less than perfectly elastic.
1973 Times Lit. Suppl. 9 Mar. 255/2 The granting of monopsonistic concessions to wholesale merchants.
1993 J. A. Kay Found. Corporate Success v. xiv. 229 The advantage of distinguishing many distinct economic markets is mostly..offset if the firm faces only a single monopsonistic customer in each one.
Derivatives
monopsoˈnistically adv. in or as a monopsony; in a monopsonistic way.
ΚΠ
1946 Q. Jrnl. Econ. 60 233 Tariff restrictions might be desirable, from a single nation's viewpoint, on monopsonistically bought imports and monopolistically sold exports.
1994 Jrnl. Econ. Hist. 54 427 A monopolistically competitive product market..could lead to a ‘monopsonistically competitive’ labor market.
This entry has been updated (OED Third Edition, December 2002; most recently modified version published online March 2022).
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adj.1933- dark chamber
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