3 ms·
> That's because the government is a monopoly on buying those services from the service providers That's called a monopsony: https://www.investopedia.com/terms
by npongratz 3y ago
> That's because the government is a monopoly on buying those services from the service providers
That's called a monopsony: https://www.investopedia.com/terms/m/monopsony.asp https://www.investopedia.com/terms/m/monopsony.asp
"A single buyer dominates a monopsonized market while an individual seller controls a monopolized market."