[ muh-nop-suh-nee ]
/ məˈnɒp sə ni /
noun, plural mo·nop·so·nies.
the market condition that exists when there is one buyer.
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Origin of monopsony
1930–35; mon- + Greek opsōnía shopping, purchase of provisions
OTHER WORDS FROM monopsonymo·nop·so·nist, nounmo·nop·so·nis·tic, adjective
Words nearby monopsony
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020
British Dictionary definitions for monopsonistic
/ (məˈnɒpsənɪ) /
noun plural -nies
a situation in which the entire market demand for a product or service consists of only one buyer
Derived forms of monopsonymonopsonistic, adjective
Word Origin for monopsony
C20: mono- + Greek opsōnia purchase, from opsōnein to buy
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012