Monopsony

mon-OP-soh-nee

/mɒˈnɒpsəniː/

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Syllable breakdown

Monopsony

Dictionary meaning

A market with only one buyer, giving that buyer significant power over sellers.

Examples

Walmart's dominance in rural regions gives it monopsony power over local suppliers.

Pronunciation tips

Four syllables. Stress on second syllable. Contrasts with monopoly (one seller).

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