Definition from Wiktionary, the free dictionary
monopsony (plural monopsonies)
- A market situation in which there is only one buyer for a product; such a buyer.
1933, Joan Robinson, The Economics of Imperfect Competition, page 219:
- This may be described as the comparison between competitive and monopsony buying, just as the corresponding comparison for selling was called the comparison between competitive and monopoly output.
- A buyer with disproportionate power.
2014 March 15, “Turn it off”, The Economist, volume 410, number 8878:
- If the takeover is approved, Comcast would control 20 of the top 25 cable markets, […]. Antitrust officials will need to consider Comcast’s status as a monopsony (a buyer with disproportionate power), when it comes to negotiations with programmers, whose channels it pays to carry.