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monopsony

play
noun mo·nop·so·ny \mə-ˈnäp-sə-nē\

Definition of monopsony

plural

monopsonies

  1. :  an oligopsony limited to one buyer

monopsonistic

play \-ˌnäp-sə-ˈnis-tik\ adjective


Origin and Etymology of monopsony

mon- + -opsony (as in oligopsony)


First Known Use: 1933


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