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monopsony
(redirected from monopsonies)

    Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia 0.02 sec.
Monopsony
The existence of only one buyer in a market, forcing sellers to accept a lower price than the socially optimal price.
monopsony
Of, relating to, or being a market in which there is a single buyer of a particular good or service. Businesses selling in a market characterized by monopsony are likely to suffer below-average profitability because of the lack of alternative outlets for their products. Compare monopoly.


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