Popular Terms
A term used to describe a market where a very large buyer typically dominates the price action. In a monopsony, the large buyer is typically able to force prices to decline and this type of market contrasts with a monopoly where a large seller is able to drive up prices.

Use 'monopsony' in a Sentence

The market was completely one sided and a total monopsony and it made me really upset that we were being dominated.
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The monopsony was permeating in it's effects in the industry as the biggest player was dictating the actions and reactions.
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A monopsony producer has buying power in the labour market and can use their influence to drive down wage values since they have little competition.
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