Definition of Buyer's monopoly - Finance dictionary
Buyer's monopoly
A "Monopsony" (also called a "Buyer's monopoly") describes a Market in relation to specific products or services where there is only one buyer, which can therefore potentially set the price at an abnormally low level.
Buyer's monopoly
A "Monopsony" (also called a "Buyer's monopoly") describes a Market in relation to specific products or services where there is only one buyer, which can therefore potentially set the price at an abnormally low level.
A "Monopsony" (also called a "Buyer's monopoly") describes a Market in relation to specific products or services where there is only one buyer, which can therefore potentially set the price at an abnormally low level.