Dictionary.com

monopsony

[ muh-nop-suh-nee ]
/ məˈnɒp sə ni /
Save This Word!

noun, plural mo·nop·so·nies.
the market condition that exists when there is one buyer.
QUIZ
QUIZ YOURSELF ON "WAS" VS. "WERE"!
Were you ready for a quiz on this topic? Well, here it is! See how well you can differentiate between the uses of "was" vs. "were" in this quiz.
Question 1 of 7
“Was” is used for the indicative past tense of “to be,” and “were” is only used for the subjunctive past tense.
Compare duopsony, oligopsony.

Origin of monopsony

First recorded in 1930–35; mon- + Greek opsōnía “shopping, purchase of provisions”

OTHER WORDS FROM monopsony

mo·nop·so·nist, nounmo·nop·so·nis·tic, adjective
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022

How to use monopsony in a sentence

British Dictionary definitions for monopsony

monopsony
/ (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 monopsony

monopsonistic, 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
FEEDBACK