monopsony

Noun
  1. (economics) a market in which goods or services are offered by several sellers but there is only one buyer (synset 114468110)
    referred to in: economic science, economics, political economy - the branch of social science that deals with the production and distribution and consumption of goods and services and their management
    is a type of: market, market place, marketplace - the world of commercial activity where goods and services are bought and sold

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