monopsonist

Nevertheless, in a business which provides a public good and where the government is a monopsonist, it cannot be expected to stand aside.

It has been argued that Apple has in some ways become a monopsonist in that it can dictate terms to suppliers of electronic components.

By 1877, the United States accounted for 83 percent of Cuba's total exports, and as a monopsonist, was able to control price and hence production levels closely.

De Beers, which buys diamonds from mines in South Africa, Namibia and most other regions of the world, is technically a monopsonist, or the single buyer for a commodity.

An example of a bilateral monopoly would be when a labor union (a monopolist in the supply of labor) faces a single large employer in a factory town (a monopsonist).

Cabess then became a monopsonist and monopolist able to manage contacts with multiple sellers and multiple buyers but keeping them from directly contacting each other and thus centralizing buying and selling within his control.

In addition to its use in microeconomic theory, monopsony and monopsonist are descriptive terms often used to describe a market where a single buyer substantially controls the market as the major purchaser of goods and services.

In the US, journalists, including Harper's and the PBS program Frontline, have made the case that Wal-Mart is a monopsonist, dictating terms to suppliers, whilst at the same time a monopolist dictating terms to consumers - at least in certain market segments.

In the microeconomic theory of imperfect competition, the monopsonist is assumed to be able to dictate terms to its suppliers, as the only purchaser of a good or service, much in the same manner that a monopolist is said to control the market for its buyers in a monopoly, in which only one seller faces many buyers.