monopsony
noun
mo·nop·so·ny
| \ mə-ˈnäp-sə-nē
\
\
plural monopsonies
Definition of monopsony
: an oligopsony limited to one buyer
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Other Words from monopsony
monopsonistic
\ mə-ˌnäp-sə-ˈni-stik
\
adjective
\
adjective
Examples of monopsony in a Sentence
Recent Examples on the Web
Just as a monopoly is the only company selling a particular good or service in a given market, a monopsony is the only company buying one. — Matt Darling, Quartz at Work, "Ready to destroy a longstanding argument against raising the minimum wage?," 28 Aug. 2019 Newsletter Sign-up Long-stagnant wages have focused academic attention on monopsony power. — Paul J. Davies, WSJ, "Big Buyers Beware the New Trustbusters," 28 Dec. 2018 Pooh-poohs increasingly popular explanations like monopsony and worker leverage. — Matthew Yglesias, Vox, "Trump’s White House says wages are rising more than liberals think," 6 Sep. 2018 One such factor might be what economists call monopsony, or concentrated market power. — Noah Smith, chicagotribune.com, "A job market this tight should deliver bigger raises," 11 June 2018 Recent economic studies show that many local labor markets are surprisingly concentrated, giving employers some monopsony power. — Alan S. Blinder, WSJ, "What to Do When the Labor Market Stops Working for Workers," 11 June 2018 Finally, good antitrust enforcement can help fight monopsony. — Dylan Matthews, Vox, "4 big questions about job guarantees," 27 Apr. 2018 First, antitrust worries, which take in big tech firms’ high market shares, buying-up of promising competitors, and potential monopsony power over suppliers and vendors. — The Economist, "America’s antitrust apparatus prepares to act against big tech," 26 Apr. 2018 Back then, his work centered mainly on the monopsony power Wal-Mart exerted over its suppliers, and the broader problem of corporate behemoths creating single points of failure in global supply chains. — Brian Beutler, New Republic, "How Democrats Can Wage War on Monopolies—and Win," 16 Sep. 2017These example sentences are selected automatically from various online news sources to reflect current usage of the word 'monopsony.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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