What is the meaning of Monopsony?

Monopsony is the existence of only one buyer in a market, forcing sellers to accept a lower price than the socially optimal price.

Barry Goldsmith
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APABarry Goldsmith. (2010). monopsony. Retrieved September 27, 2026, from http://smartdefine.org/monopsony/definitions/1158393
ChicagoBarry Goldsmith. 2010. "monopsony" http://smartdefine.org/monopsony/definitions/1158393 (accessed September 27, 2026).
HarvardBarry Goldsmith 2010, monopsony, Smart Define, viewed 27 September, 2026, <http://smartdefine.org/monopsony/definitions/1158393>.
MLABarry Goldsmith. "monopsony" 21 October 2010. Web. 27 September 2026. <http://smartdefine.org/monopsony/definitions/1158393>
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