(economics) a market in which goods or services are offered by several sellers but there is only one buyer
Used in a Sentence
monopsony
How to use monopsony in a sentence. Example sentences and definitions for monopsony.
Editorial note
", a monopsony is the situation where one unique buyer buys from different sellers.
Examples4
Definitions1
Parts of speech1
Quick take
(economics) a market in which goods or services are offered by several sellers but there is only one buyer
Meaning at a glance
The clearest senses and uses of monopsony gathered in one view.
Definitions
Core meanings and parts of speech for monopsony.
noun
(economics) a market in which goods or services are offered by several sellers but there is only one buyer
Example sentences
", a monopsony is the situation where one unique buyer buys from different sellers.
Salaries are moving ever upwards, and you hear nothing but complaints from participants outside the alleged monopsony about how hard it is to find people.
Because Medicare is essentially a monopsony and gets to call the shots as far as charges are concerned, it actually matters far less what the actual costs are.
Drivers ended up atomized and could not collectively bargain against the buyers of their labor, decently-sized companies who had monopsony power in the trucker marketplace.
Frequently asked questions
Short answers drawn from the clearest meanings and examples for this word.
How do you use monopsony in a sentence?
", a monopsony is the situation where one unique buyer buys from different sellers.
What does monopsony mean?
(economics) a market in which goods or services are offered by several sellers but there is only one buyer
What part of speech is monopsony?
monopsony is commonly used as noun.