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Definitions and Synonyms of monopsony | Another word for monopsony | What is monopsony?

Definition 1: (economics) a market in which goods or services are offered by several sellers but there is only one buyer - [noun denoting state]

(monopsony is a kind of ...) the world of commercial activity where goods and services are bought and sold

"without competition there would be no market" "they were driven from the marketplace"

(monopsony belongs to category ...) the branch of social science that deals with the production and distribution and consumption of goods and services and their management

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