- the market condition that exists when there is one buyer.
Origin of monopsony
1930–35; mon- + Greek opsōnía shopping, purchase of provisions
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
- a situation in which the entire market demand for a product or service consists of only one buyer
C20: mono- + Greek opsōnia purchase, from opsōnein to buy