monopsony Hear it!

monopsony definition

mo·nop·sony (mō näp′sə nē)

noun pl. monopsonies -·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

Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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