Monopsony meaning

mə-nŏpsə-nē
Frequency:
A market situation in which the product or service of several sellers is sought by only one buyer.
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A situation in which there is only one buyer for a particular commodity or service.
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A market situation in which there is only one buyer for a product.
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Origin of monopsony

  • mon(o)– Greek opsōniā purchase of food duopsony

    From American Heritage Dictionary of the English Language, 5th Edition

  • Coined by classics scholar Bertrand Hallward of Peterhouse College, Cambridge, popularized by economist Joan Robinson in her 1933 book, The Economics of Imperfect Competition.

    From Wiktionary

  • From mon- +"Ž Ancient Greek ὀψωνέω (opsōneō, “buy products") +"Ž -y.

    From Wiktionary