Quantcast
Merriam-Webster Logo
  • Dictionary
  • Thesaurus
  • Scrabble
  • Spanish Central
  • Learner's Dictionary

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 of monopsony

mon- + -opsony (as in oligopsony)


First Known Use: 1933


Learn More about monopsony


Seen and Heard

What made you want to look up monopsony? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

a timid, meek, or unassertive person

Get Word of the Day daily email!