MONOPSONY
\mˈɒnə͡ʊpsənɪ], \mˈɒnəʊpsənɪ], \m_ˈɒ_n_əʊ_p_s_ə_n_ɪ]\
Definitions of MONOPSONY
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(economics) a market in which goods or services are offered by several sellers but there is only one buyer
By Princeton University
