People have accused Ernest and Julio Gallo (the big wine makers) of being a monopsony. They had such power buying grapes from growers, that sellers had no choice but to agree to their terms.
Investment dictionary. Academic. 2012.
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monopsony — [mō näp′sə nē] n. pl. monopsonies [ MON(O) + Gr opsōnia, a purchase of fish, catering < opsōnein, to buy victuals < opson, cooked food, fish < o , with + base of psōmos, a morsel] Econ. a situation in which there is only one buyer for a… … English World dictionary
Monopsony — In economics, a monopsony (from Ancient Greek μόνος (monos) single + ὀψωνία (opsōnia) purchase ) is a market form in which only one buyer faces many sellers. It is an example of imperfect competition, similar to a monopoly, in which only one… … Wikipedia
monopsony — The existence of only one buyer in a market, forcing sellers to accept a lower price than the socially optimal price. Bloomberg Financial Dictionary * * * monopsony mo‧nop‧so‧ny [məˈnɒpsəni ǁ ˈnɑː ] noun [uncountable] ECONOMICS a situation where… … Financial and business terms
monopsony — monopsonist, n. monopsonistic, adj. /meuh nop seuh nee/, n., pl. monopsonies. the market condition that exists when there is one buyer. Cf. duopsony, oligopsony. [1930 35; MON + Gk opsonía shopping, purchase of provisions] * * * In economic… … Universalium
monopsony — /mə nɒpsəni/ noun a situation where there is only one buyer for a particular product or service ● Monopsony gives the buyer leverage in demanding a low price … Marketing dictionary in english
monopsony — noun (plural nies) Etymology: mon + opsony (as in oligopsony) Date: 1933 an oligopsony limited to one buyer • monopsonistic adjective … New Collegiate Dictionary
monopsony — noun /məˈnɒpsəni/ A market situation in which there is only one buyer for a product. Ant: monopoly … Wiktionary
monopsony — mÉ™ nÉ‘psÉ™nÉª / nÉ’p n. condition in which there is one consumer who has a monopoly which enables him to dictate prices and salary … English contemporary dictionary
Monopsony — The only buyer with control over market purchases. California Energy Comission. Dictionary of Energy Terms … Energy terms
monopsony — [mə nɒpsəni] noun (plural monopsonies) Economics a market situation in which there is only one buyer. Origin 1930s: from mono + Gk opsōnein buy provisions + y3 … English new terms dictionary