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monopsonyenUK
mo·nop·so·ny M0398300 (mə-nŏp′sə-nē)n. pl. mo·nop·so·nies A market situation in which the product or service of several sellers is sought by only one buyer. [mon(o)- + Greek opsōniā, purchase of food; see duopsony.] mo·nop′so·nist n.mo·nop′so·nis′tic adj.monopsony (məˈnɒpsənɪ) n, pl -nies (Economics) a situation in which the entire market demand for a product or service consists of only one buyer[C20: mono- + Greek opsōnia purchase, from opsōnein to buy] moˌnopsoˈnistic adjmo•nop•so•ny (məˈnɒp sə ni) n., pl. -nies. the market condition that exists when there is only one buyer for a product or service from a large number of sellers. [1930–35; mon- + Greek opsōnía shopping, purchase of provisions] mo•nop′so•nist, n. monopsonythe market condition that exists when only one buyer will purchase the products of a number of sellers. — monopsonist, n. — monopsonistic, adj.See also: TrademonopsonyA market in which there are multiple suppliers but only one buyer.ThesaurusNoun | 1. | monopsony - (economics) a market in which goods or services are offered by several sellers but there is only one buyermarket, marketplace, market place - the world of commercial activity where goods and services are bought and sold; "without competition there would be no market"; "they were driven from the marketplace"economic science, economics, political economy - the branch of social science that deals with the production and distribution and consumption of goods and services and their management | TranslationsmonopsonyenUK
MonopsonyThe existence of only one buyer in a market, forcing sellers to accept a lower price than the socially optimal price.MonopsonyDescribing a market for a good or service with several potential sellers and only one potential buyer. Low prices mark the monopsonies because the sellers must compete for the buyer, perhaps to below sustainable level. One may thing of a monopsony as the polar opposite of a monopoly. See also: Buyer's Market.monopsony Of, relating to, or being a market in which there is a single buyer of a particular good or service. Businesses selling in a market characterized by monopsony are likely to suffer below-average profitability because of the lack of alternative outlets for their products. Compare monopoly.monopsony a form of BUYER CONCENTRATION, that is, a MARKET situation in which a single buyer confronts many small suppliers. Monopsonists are often able to secure advantageous terms from suppliers in the form of BULK-BUYING price discounts and extended CREDIT terms. See MONOPOLY, BILATERAL MONOPOLY.monopsonyenUK
Words related to monopsonynoun (economics) a market in which goods or services are offered by several sellers but there is only one buyerRelated Words- market
- marketplace
- market place
- economic science
- economics
- political economy
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