Monopsony
From Wikipedia, the free encyclopedia.

In economics, a monopsony is a market with only one buyer. This can be compared to a monopoly in which there is only one seller.

Examples

• An example of a market with a monopsony is the market for road construction, in which there are many suppliers but only one significant buyer (the government).
• The arms industry is another example when the only (domestic) customer is the state.

See also:

Market forms, Oligopsony

The original article can be found at: http://en.wikipedia.org/wiki/Monopsony.
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