| 单词 | monopsony |
| 释义 | monopsonyDefinition A term used to describe a market where a very large buyer typically dominates the price action. In a monopsony, the large buyer is typically able to force prices to decline and this type of market contrasts with a monopoly where a large seller is able to drive up prices. Use 'monopsony' in a SentenceThe market was completely one sided and a total monopsony and it made me really upset that we were being dominated. The monopsony was permeating in it's effects in the industry as the biggest player was dictating the actions and reactions. A monopsony producer has buying power in the labour market and can use their influence to drive down wage values since they have little competition. |
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