1) Market 2) Marketplace
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In economics, a monopsony (from Ancient Greek μόνος (mónos) `single` + ὀψωνία (opsōnía) `purchase`) is a market form in which only one buyer interfaces with many sellers. The microeconomic theory of imperfect competition assumes the monopsonist can dictate terms to its suppliers, as the only purchaser of a good or service, much ...
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A market in which there are multiple suppliers but only one buyer....
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case of only one buyer for products of several sellers
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A market structure in which there is a single buyer. Term introduced in Robinson (1932).
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in economic theory, market situation in which there is only one buyer. An example of pure monopsony is a firm that is the only buyer of labour in an ... [2 related articles]
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The existence of only one buyer in a market, forcing sellers to accept a lower price than the socially optimal price.
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A state in which demand comes from one source. If there is only one customer for a certain good, that customer has a monopsony in the market for that good. Analogous to monopoly, but on the demand side not the supply side. A common theoretical implication is that the price of the good is pushed down near the cost of production. The price is not pre...
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A market where there is only a single buyer of a good.
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A market where a single consumer of a service or good has sufficient market power to dictate the price of that good or service. One example of such a situation can occur in the electricity sector if the sector has only one main buyer of electricity.
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Market characterized by the existence of only one buyer in a market, forcing sellers to accept a low
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Also known as Buyers Monopoly, a market in which there is only one customer for a product or service being sold by several sellers
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A monopsony is a market in which there is only a single buyer. The combination of monopsony and monopoly is a bilateral monopoly. If there are many sellers, the buyer may be able to exploit his market position - a situation in which governments frequently find themselves. However, a monopsonist will not be able to drive prices below those necessary...
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[
n] - (economics) a market in which goods or services are offered by several sellers but there is only one buyer
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monopsony, monopsonies, monopsonist, monopsonistic 1. A situation in which a particular type of product or service is only being bought or used by one customer. 2. A market situation in which the products or services of several sellers is sought by just one buyer. 3. A market in which goods or services are offered by several sellers but there is on...
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noun (economics) a market in which goods or services are offered by several sellers but there is only one buyer
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the market condition that exists when there is one buyer. Cf.
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