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mo·nop·so·ny
 monopsony
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- pronunciation:
- m
nap
s
ni
- features:
- Word Combinations (noun), Word Parts
| part of speech: |
noun |
| inflections: |
monopsonies |
| definition: |
the market condition that exists when there is only one buyer, who can thus exert great influence on price. (Cf. duopsony, monopoly, oligopsony.)
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