Monday, November 28, 2005

Monopsony - Wikipedia, the free encyclopedia:

In economics, a monopsony is a market form with only one buyer, called "monopsonist", facing many sellers. It is an instance of imperfect competition, symmetrical to the case of a monopoly, in which there is only one seller facing many buyers. The term "monopsony" was first introduced by Joan Robinson (1933).
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