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Monopsony vs Undefined - What's the difference?

monopsony | undefined |

As a noun monopsony

is a market situation in which there is only one buyer for a product; such a buyer.

As an adjective undefined is

lacking a definition or value.

monopsony

English

Noun

(wikipedia monopsony) (monopsonies)
  • A market situation in which there is only one buyer for a product; such a buyer.
  • *
  • A buyer with disproportionate power.
  • * {{quote-magazine, date=2014-03-15, volume=410, issue=8878, magazine=(The Economist)
    • , title= Turn it off , passage=If the takeover is approved, Comcast would control 20 of the top 25 cable markets, […]. Antitrust officials will need to consider Comcast’s status as a monopsony (a buyer with disproportionate power), when it comes to negotiations with programmers, whose channels it pays to carry.}}

    Antonyms

    * monopoly

    See also

    * monopsonist, monopsonistic, monopsonistically

    undefined

    English

    Adjective

    (wikipedia undefined) (-)
  • Lacking a definition or value.
  • (mathematics, computing) That does not have a meaning and is thus not assigned an interpretation.
    • The result of division by zero is undefined .

    Antonyms

    * defined