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.

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 …

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 …

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, 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.

Sep 12, 2025 · A monopsony is defined as a market characterized by a single buyer. Monopsony = single buyer of a good. Monopsony power is market power of buyers. A firm with monopsony …

Mar 28, 2024 · In a monopsony, a single buyer holds significant market power, enabling them to influence both prices and quantities of goods or services. The absence of other buyers is a …

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 …

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.

Dec 24, 2024 · A monopsony is a market structure where a single buyer has significant control over the demand for a product or service, and this power allows them to influence prices, …