Monopsony

(noun)

A market with a single buyer and multiple sellers is a monopsony.

Related Terms

  • positioning
  • psychographics
  • market segmentation
  • Consumer-based Market Segmentation
  • behavioral segmentation
  • demographic segmentation
  • monopoly

Examples of Monopsony in the following topics:

  • Allocative Efficiency

  • Markup Pricing

    • "Monopsony Buying" - buyers have enough knowledge about the costs of a supplier.
  • Marketing Data Types

    • A market with a single buyer and multiple sellers is a monopsony.
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