For the ones (such as me) who went "mono-what?", a monopsony is the situation where one unique buyer buys from different sellers. It's the opposite of a monopol

For the ones (such as me) who went "mono-what?", a monopsony is the situation where one unique buyer buys from different sellers. It's the opposite of a monopoly, where an unique seller sells to different buyers. http://en.wikipedia.org/wiki/Monopsony http://en.wikipedia.org/wiki/Monopsony Thanks for teaching me something Jacques :)