What is the meaning of monopsony?

noun

  • Economics) a market in which goods or services are offered by several sellers but there is only one buyer. (.
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). monopsony. Retrieved September 27, 2026, from http://smartdefine.org/monopsony/definitions/1246976
ChicagoWordNet. 2010. "monopsony" http://smartdefine.org/monopsony/definitions/1246976 (accessed September 27, 2026).
HarvardWordNet 2010, monopsony, Smart Define, viewed 27 September, 2026, <http://smartdefine.org/monopsony/definitions/1246976>.
MLAWordNet. "monopsony" 23 October 2010. Web. 27 September 2026. <http://smartdefine.org/monopsony/definitions/1246976>
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