Feb 4, 2025 · A monopsony is a market condition in which there is only one buyer. Because there is only one buyer for a good or service, the buyer sets the demand, and therefore, controls the price.

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 offered by many would-be sellers.

monopsony, in economic theory, market situation in which there is only one buyer. An example of pure monopsony is a firm that is the only buyer of labour in an isolated town. Such a firm is able to pay …

It makes sense, then, that oligopsony refers to a buyer's market in which the seller is subjected to the potential demands of a limited pool of buyers. Another related word is monopsony, used for a more …

Monopsony is a market condition with a single buyer and multiple sellers. It is an imperfect market condition—the single buyer is the controlling entity. Similar to monopoly, where a single seller …

MONOPSONY definition: 1. a situation in a market in which there is only one buyer for goods or services offered by…. Learn more.

Monopsony is a market structure where a single buyer exerts significant control over the market, particularly influencing the prices and quantity of goods or services purchased.

Monopsony consists of a market condition that is heavily influenced by a single buyer. It is the opposite of a monopoly – a market condition with only one seller.

Oct 25, 2023 · Monopsony is a market structure in which there is a single buyer for a good or service. In other words, there is only one dominant buyer and many sellers. This gives the buyer significant …

Mar 28, 2024 · Monopsony is a market structure characterized by a single buyer dominating an industry. This article explores the definition, causes, objections, and provides a real-world example of …