Definition of Monopsony. Meaning of Monopsony. Synonyms of Monopsony

- In economics, a monopsony is a market structure in which a single buyer substantially controls the market as the major purchaser of goods and services...
- Similar to a monopsony, an oligopsony is a group of few powerful buyers that demand the majority of goods and services purchased. Monopsonies and oligopsonies...
- market structure consisting of both a monopoly (a single seller) and a monopsony (a single buyer). Bilateral monopoly is a market structure that involves...
- where she coined the term "monopsony." Monopsony is used to describe the buyer converse of a seller monopoly. Monopsony is commonly applied to buyers...
- enterprise is the only supplier of a particular thing. This contrasts with a monopsony which relates to a single entity's control of a market to purchase a good...
- however, minimum wages can increase the efficiency of the labor market in monopsony scenarios, where individual employers have a degree of wage-setting power...
- Monopsony, when there is only a single buyer in a market. Discussion of monopsony power in the labor literature largely focused on the pure monopsony...
- Competition, Robinson coined the term "monopsony", which is used to describe the buyer converse of a seller monopoly. Monopsony is commonly applied to buyers of...
- are unable to compete or even survive. The related terms oligopoly and monopsony are similar in meaning and this is the type of situation that antitrust...
- firms. Game theory can elucidate behavior in duopolies and oligopolies. A monopsony is a market where there is only one buyer and many sellers. A bilateral...