Definition of Monopsony. Meaning of Monopsony. Synonyms of Monopsony

Here you will find one or more explanations in English for the word Monopsony. Also in the bottom left of the page several parts of wikipedia pages related to the word Monopsony and, of course, Monopsony synonyms and on the right images related to the word Monopsony.

Definition of Monopsony

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Meaning of Monopsony from wikipedia

- In economics, a monopsony (from Ancient Gr**** μόνος (mónos) "single" + ὀψωνία (opsōnía) "purchase") is a market structure in which a single buyer substantially...
- market structure consisting of both a monopoly (a single seller) and a monopsony (a single buyer). Bilateral monopoly situations are typically analyzed...
- 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...
- is the only supplier of a particular commodity. This contrasts with a monopsony which relates to a single entity's control of a market to purchase a good...
- 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...
- market share. Duopoly, a special case of an oligopoly with two firms. Monopsony, when there is only a single buyer in a market. Oligopsony, a market where...
- losses from minimum wages. However, if the labor market is in a state of monopsony (with only one employer available who is hiring), minimum wages can increase...
- controlling a large portion of the market. In extreme cases—monopoly and monopsony—the firm controls the entire market. However, market size alone is not...
- which Robinson coined the term "monopsony," which is used to describe the buyer converse of a seller monopoly. Monopsony is commonly applied to buyers of...
- that the others might as well not exist. The related terms oligopoly and monopsony are similar in meaning and this is the type of situation that antitrust...
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