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Meaning of monopsony

Source language: EnglishDictionary language: English

monopsony

Pronunciation:/məˈnɑpsəni/

noun

Definitions

  1. A market situation in which there is only one buyer for a product.

    Antonyms:monopoly

  2. A buyer with disproportionate power.

Sources:https://en.wiktionary.org/wiki/monopsony

Related words

polyopsonyoligopsonyduopsonyoligopolyduopolymonopolycompetitive marketperfect market