monopsony

[ muh-nop-suh-nee ]
/ məˈnɒp sə ni /

noun, plural mo·nop·so·nies.

the market condition that exists when there is one buyer.

Origin of monopsony

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

OTHER WORDS FROM monopsony

mo·nop·so·nist, nounmo·nop·so·nis·tic, adjective
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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