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Reverted edits by Murdoc (Talk); changed back to last version by Aschlafly
A '''monopsony''' is a monopoly by a buyer rather than a seller. In other words, a monopsony is a market structure that has only one buyer of a good or service. Also known as a '''really friggen small market'''.
A monopsony is a monopoly by a buyer rather than a seller. In other words, a monopsony is a market structure that has only one buyer of a good or service.