monopsony

[ muh-nop-suh-nee ]
/ məˈnɒp sə ni /

noun, plural mo·nop·so·nies.

the market condition that exists when there is one buyer.

Nearby words

  1. monopolize,
  2. monopoly,
  3. monopolylogue,
  4. monopropellant,
  5. monoprotic,
  6. monopteral,
  7. monopteron,
  8. monopteros,
  9. monorail,
  10. monorchid


Origin of monopsony

1930–35; mon- + Greek opsōnía shopping, purchase of provisions

Related formsmo·nop·so·nist, nounmo·nop·so·nis·tic, adjective

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019


British Dictionary definitions for monopsonistic

monopsony

/ (məˈnɒpsənɪ) /

noun plural -nies

a situation in which the entire market demand for a product or service consists of only one buyer
Derived Formsmonopsonistic, 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