Definition of monopsony in English:

monopsony

nounPlural monopsonies məˈnɒpsəniməˈnɑpsəni

Economics

A market situation in which there is only one buyer.
Example sentencesExamples
- Now, whatever their other inefficiencies might or might not be, law reviews are not monopsonies, since they allow multiple submissions.
- Using modern terms, in labor markets oligopsony or monopsony emerges, and market imperfections and a zero reservation price for labor exist.
- In this manner, the imperfect market for players has been transformed from one of monopsony to that of bilateral monopoly.
- There may have been instances of monopsony or oligopsony in the 19th century, but they were short-lived.
- One way of attending to this need for prudent regulation would be to establish a monopsony, a situation where only one buyer exists for the products of several sellers.

Origin

1930s: from mono- 'one' + Greek opsōnein 'buy provisions' + -y³.

Definition of monopsony in US English:

monopsony

nounməˈnäpsənēməˈnɑpsəni

Economics

A market situation in which there is only one buyer.
Example sentencesExamples
- Using modern terms, in labor markets oligopsony or monopsony emerges, and market imperfections and a zero reservation price for labor exist.
- There may have been instances of monopsony or oligopsony in the 19th century, but they were short-lived.
- One way of attending to this need for prudent regulation would be to establish a monopsony, a situation where only one buyer exists for the products of several sellers.
- Now, whatever their other inefficiencies might or might not be, law reviews are not monopsonies, since they allow multiple submissions.
- In this manner, the imperfect market for players has been transformed from one of monopsony to that of bilateral monopoly.

Origin

1930s: from mono- ‘one’ + Greek opsōnein ‘buy provisions’ + -y.

单词	monopsony
释义	Definition of monopsony in English: monopsony nounPlural monopsonies məˈnɒpsəniməˈnɑpsəni Economics A market situation in which there is only one buyer. Example sentencesExamples Now, whatever their other inefficiencies might or might not be, law reviews are not monopsonies, since they allow multiple submissions. Using modern terms, in labor markets oligopsony or monopsony emerges, and market imperfections and a zero reservation price for labor exist. In this manner, the imperfect market for players has been transformed from one of monopsony to that of bilateral monopoly. There may have been instances of monopsony or oligopsony in the 19th century, but they were short-lived. One way of attending to this need for prudent regulation would be to establish a monopsony, a situation where only one buyer exists for the products of several sellers. Origin 1930s: from mono- 'one' + Greek opsōnein 'buy provisions' + -y³. Definition of monopsony in US English: monopsony nounməˈnäpsənēməˈnɑpsəni Economics A market situation in which there is only one buyer. Example sentencesExamples Using modern terms, in labor markets oligopsony or monopsony emerges, and market imperfections and a zero reservation price for labor exist. There may have been instances of monopsony or oligopsony in the 19th century, but they were short-lived. One way of attending to this need for prudent regulation would be to establish a monopsony, a situation where only one buyer exists for the products of several sellers. Now, whatever their other inefficiencies might or might not be, law reviews are not monopsonies, since they allow multiple submissions. In this manner, the imperfect market for players has been transformed from one of monopsony to that of bilateral monopoly. Origin 1930s: from mono- ‘one’ + Greek opsōnein ‘buy provisions’ + -y.
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