> Economists call this the monopsony problem (or, since we're talking about two companies, a duopsony or oligopsony problem). That's an unwieldy and esoteric te

> Economists call this the monopsony problem (or, since we're talking about two companies, a duopsony or oligopsony problem). That's an unwieldy and esoteric term, so Rebecca Giblin and I coined a much better one, and wrote a book about it: Chokepoint Capitalism: In Soviet Russia, where economics was interesting, terms like "monopsony" or "oligopoly" were known to (many) schoolkids. I'd still prefer them than this vague novelty.