Monopsony Definition
mə-nŏpsə-nē
monopsonies
noun
A situation in which there is only one buyer for a particular commodity or service.
Webster's New World
Other Word Forms of Monopsony
Noun
Singular:
monopsony
Plural:
monopsoniesOrigin of Monopsony
Coined by classics scholar Bertrand Hallward of Peterhouse College, Cambridge, popularized by economist Joan Robinson in her 1933 book, The Economics of Imperfect Competition.
From Wiktionary
From mon- +"Ž Ancient Greek ὀψωνέω (opsōneō, “buy products") +"Ž -y.
From Wiktionary
-
mon(o)– Greek opsōniā purchase of food duopsony
From American Heritage Dictionary of the English Language, 5th Edition
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