Meaning & use
Monopsonist
Last updated
A single buyer that dominates a market, giving it disproportionate power to set prices paid to sellers.
See it in a sentence
As the region's only major employer, the factory acted as a monopsonist in the local labor market.
Economists studied how the monopsonist depressed wages for farmworkers in the area.
A note on using this word
The economic mirror of a "monopolist," which is the sole seller rather than the sole buyer in a market.
Words with a similar meaning
sole buyer
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