Monopsony vs Oligopsony - What's the difference?
monopsony | oligopsony |
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= An economic condition in which a small number of buyers exert control over the market price of a commodity.
As nouns the difference between monopsony and oligopsony
is that monopsony is a market situation in which there is only one buyer for a product; such a buyer while oligopsony is an economic condition in which a small number of buyers exert control over the market price of a commodity.monopsony
English
Noun
(wikipedia monopsony) (monopsonies)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.}}
