"monopsony : (economics) A market situation in which there is only one buyer for a product; also,..."

“monopsony : (economics) A market situation in which there is only one buyer for a product; also, such a buyer.
(economics) A buyer with disproportionate power.
British classics scholar Bertrand Hallward, who coined the word, died on this day 15 years ago in 2003.”

- https://en.wiktionary.org/wiki/monopsony#English

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