In economics, a monopsony (from Ancient Greek μόνος (mónos) "single" + ὀψωνία (opsōnía) "purchase") is a market structure in which a single buyer substantially controls the market as the major purchaser of goods and services offered by many would-be sellers.
The verb monopolise or monopolize refers to the process by which a company gains the ability to raise prices or exclude competitors. In economics, a monopoly is a single seller. In law, a monopoly is a business entity that has significant market power, that is, the power to charge overly high prices.
From Wikipedia, the free encyclopedia A Monopsony is a market form where there is only one buyer, but many sellers. Much like with the monopoly this single buyer has a complete influence on the price. In practice, this market form does not occur often.
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Jun 09, 2020 · Etymology From Ancient Greek μόνος (mónos, “alone, solitary; singular, unique”) + ὀψωνέω (opsōnéō, “to buy fish or victuals in general”) + -y, modelled after monopoly. ὀψωνέω is from ὄψον (ópson, “delicacies”) + ὠνέομαι (ōnéomai, “to buy, purchase”).
Monopsony power – when it exists – can be measured, through the price-elasticity of the faced supply function. As far as I know, no such measures exist to justify the claims made in the article about monopsony in various firms and markets. Unless some is provided, such claims should perhaps be treated as arbitrary:Mario 28 June 2005 14:43 (UTC)
From Wikipedia, the free encyclopedia A bilateral monopoly is a market structure consisting of both a monopoly (a single seller) and a monopsony (a single buyer).
This monopsony could be a result of intentional collusion between employers, or naturalistic factors such as segmented markets, search costs, information costs, imperfect mobility and the personal element of labor markets.  In such a case a simple supply and demand graph would not yield the quantity of labor clearing and the ...
A monopsony is either a market where only one buyer exists, or where a single buyer dominates the market. We often refer to it as a buyer’s monopoly. The term refers to just the number of buyers. In this type of market, there may be many suppliers.
Feb 03, 2020 · A monopsony is a market condition in which there is only one buyer, the monopsonist. Like a monopoly, a monopsony also has imperfect market conditions. The difference between a monopoly and...
An oligopsony is a form of imperfect competition. The terms monopoly (one seller), monopsony (one buyer), and bilateral monopoly have a similar relationship.