Monopsony

What does it Mean? A market similar to a monopoly except that a large buyer not seller controls a large proportion of the market and drives the prices down. Sometimes referred to as the buyer's monopoly.
Investopedia Says... People have accused Ernest and Julio Gallo (the big wine makers) of being a monopsony. They had such power buying grapes from growers, that sellers had no choice but to agree to their terms.

Terms Related Links

Bilateral Monopoly
Duopsony
Monopoly
Oligopoly
Oligopsony

Terms Related Links
Economics Basics - Learn economics principles such as the relationship of supply and demand, elasticity, utility, and more!



add investopedia foot
www.investopedia.com