A situation in which there is only one customer for a company's product. also called buyer's monopoly.
Related information about monopsony:
- Monopsony - Wikipedia, the free encyclopedia
In economics, a monopsony (from Ancient Greek μόνος (mónos) "single" + ὀψωνία (opsōnía) "purchase") is a market form in which only one buyer faces many ...
- Monopsony Definition | Investopedia
A market similar to a monopoly except that a large buyer not seller controls a large proportion of the market and drives the prices down. Sometimes referred to as ...
- monopsony - definition of monopsony by the Free Online Dictionary ...
mo·nop·so·ny (m -n p s -n ). n. pl. mo·nop·so·nies. A market situation in which the product or service of several sellers is sought by only one buyer.
- Monopsony - Dictionary Definition of Monopsony
Monopsony Defined - A Dictionary Definition of Monopsony.
- Economics: Labor Demand and Supply in a Monopsony
A labor market in which there is only one firm demanding labor is called a monopsony. The single firm in the market is referred to as the monopsonist.
- Monopsony in American Labor Markets | Economic History Services
Feb 1, 2010 ... The term "monopsony," first used in print by Joan Robinson (1969, p. 215), means a single buyer in a market. Like a monopolist (a single seller) ...
- How Apple became a monopsonist - Apple 2.0 - Fortune Tech
Jul 5, 2011 ... In this way, according to Dediu, Apple has become not a monopoly (a single seller), but a monopsony -- the one buyer that can control an entire ...
- Monopsony | Define Monopsony at Dictionary.com
Monopsony definition, the market condition that exists when there is one buyer. See more.