Monopsony
[mə-NAHP-sə-nee]
Part of speech: noun
Origin: Greek, 1930s
1.
(Economics) A market situation in which there is only one buyer.
Examples of Monopsony in a sentence
"The conglomerate used questionable tactics to create this monopsony. "
"I learned about the unique circumstance of a monopsony in my economics class today."
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