monopsony

9 letters · noun · scores 2,600 in SpellHuntr

noun

(economics) a market in which goods or services are offered by several sellers but there is only one buyer

Monopsony in a sentence

The result is different when the resource buyer is a monopsony. The monopsony firm is a single buyer, and therefore it faces the market supply curve.

Network Rail is a monopsony (the sole buyer in a particular market) and must be careful not to exploit that position.

monopsony is a valid word in SpellHuntr, worth 2,600 points (9 letters — longer words score more). Spell it in a live game →