Monopsony
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).
Related Topics:
Economics - Market form - Imperfect competition - Monopoly - Joan Robinson
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~ Table of Content ~
| ► | Introduction |
| ► | Overview |
| ► | Static monopsony in a labour market |
| ► | Dynamic problems |
| ► | Empirical problems |
| ► | Monopsony in product markets |
| ► | References |
| ► | See also |
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