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Definition of "monopsony" [monopsony]

  • A market situation in which the product or service of several sellers is sought by only one buyer. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Use "monopsony" in a sentence
  • "And armor plate is -- is very tricky stuff to manufacture, and steel companies never liked manufacturing it much to begin with because, by its nature, it is what we called a monopsony; there's only one buyer in the market, and that's the United States Navy."
  • "There is power of pooling research ability, and even in monopsony: the power of consumers to say that they are organizing and have agreed not to buy products with too much price discrimination or too many limits on what patrons can do."
  • "By National PostAugust 14, 2009 2: 04 AM What the Canadian Wheat Board calls "single-desk marketing" is, technically, a "monopsony" -- many sellers, but only one buyer; in this case the federal government."
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