monopsony Hear it!

monopsony Definition

mo·nop·sony (mō näp′sə nē)

noun pl. -·nies

Econ. a situation in which there is only one buyer for a particular commodity or service

Etymology: mon(o)- + Gr opsōnia, a purchase of fish, catering < opsōnein, to buy victuals < opson, cooked food, fish < o-, with + base of psōmos, a morsel

monopsony Usage Examples

Preposition: in

motion: So, that wouldn't include a market characterized by monopsony in motion, asymmetrical information and high search costs, then?