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So you think Oxford Dictionary, Wikipedia, and Investopedia are all too narrow with words? Control of the demand side of a market is called a Monopsony, not Mo

• stcredzero 7y ago
  You are correct, sir! I remember now HN has had this discussion before. However, I think most people would refer to both a Monopsony and Monopoly as the latter.
  • kortilla 7y ago
    No, that’s not true. People rarely even consider that there is a special term for being the only buyer or controlling all of the buyers. I can’t think of any scenarios where people referred to the military as having a monopoly on the missile market. It doesn’t make sense because it doesn’t even make missiles.
    • stcredzero 7y ago
      I can’t think of any scenarios where people referred to the military as having a monopoly on the missile market. But Farmers being ravaged by middlemen would use that term about the middlemen buying their crops.