Monopsony



[muh-nop-suh-nee] /məˈnɒp sə ni/

noun, plural monopsonies.
1.
the market condition that exists when there is one buyer.
/məˈnɒpsənɪ/
noun (pl) -nies
1.
a situation in which the entire market demand for a product or service consists of only one buyer

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