- monopsonies
- mə'nɑpsənɪ /-'nɒp- n. condition in which there is one consumer who has a monopoly which enables him to dictate prices and salary
English contemporary dictionary. 2014.
monopsonies
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Monopsony — In economics, a monopsony (from Ancient Greek μόνος (monos) single + ὀψωνία (opsōnia) purchase ) is a market form in which only one buyer faces many sellers. It is an example of imperfect competition, similar to a monopoly, in which only one… … Wikipedia
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monopsony — monopsonist, n. monopsonistic, adj. /meuh nop seuh nee/, n., pl. monopsonies. the market condition that exists when there is one buyer. Cf. duopsony, oligopsony. [1930 35; MON + Gk opsonía shopping, purchase of provisions] * * * In economic… … Universalium
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monopsony — [mə nɒpsəni] noun (plural monopsonies) Economics a market situation in which there is only one buyer. Origin 1930s: from mono + Gk opsōnein buy provisions + y3 … English new terms dictionary
