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{%type%} Definitions

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Short "hint"

n. - (economics) a market in which goods or services are offered by several sellers but there is only one buyer.

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Usage examples (36)
  • This might be called a monopsony in the labor market.
  • The supermarkets enjoy what economists call a monopsony: excessive buying
  • And since no market exists in monopsony, the contrary principle doesn’t apply either.
  • I doubt if most advocates of a higher minimum wage could even pronounce "monopsony", much less have a monopsony model in mind.
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