3 ms·
That's a monopsony, which is the opposite of a monopoly. Monopoly is one seller, many buyers. Monopsony is many sellers, one buyer.
by dragontamer 4y ago
That's a monopsony, which is the opposite of a monopoly.
Monopoly is one seller, many buyers.
Monopsony is many sellers, one buyer.
- bluGill 4y agoI never heard that term before, but I'll stand corrected