monopsony

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The ‘traditional’ take-or-pay system also frequently involved either monopsony or oligopoly buyers such as the European utilities

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Definitions (2)

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  1. noun A market situation in which the product or service of several sellers is sought by only one buyer.

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Examples

  • The ‘traditional’ take-or-pay system also frequently involved either monopsony or oligopoly buyers such as the European utilities —  Chapter 8
  • October 29th, 2009 at 4: 53 pm PDT and myspace could become something like a monopsony if they get control of more traffic. what happens if myspace music becomes the primary music experience on facebook? that’ll likely happen at some point. and whoever controls that much traffic can dictate terms reply —  Google Music: What Were Ticketmaster And Facebook Thinking?
  • The supermarkets enjoy what economists call a monopsony: excessive buying —  WN.com - Business News
  • By National PostAugust 14, 2009 2: 04 AM What the Canadian Wheat Board calls "single-desk marketing" is, technically, a "monopsony" -- many sellers, but only one buyer; in this case the federal government. —  WN.com - Business News
  • Therefore, we have the word monopsony. —  CNN Transcript May 6, 2006
 

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Etymologies (1)

Toggle American Heritage etymologies American Heritage Dictionary (1)

  1. mon(o)- + Greek opsōniā, purchase of food; see duopsony.
 

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