Another possible monopsony could develop in the exchange between the food industry and farmers.

The most common scenario is a monopsony or a monopoly.

Many bureaus are to some extent in the position of monopsony.

This is a highly remarkable result, because it only follows under monopsony.

A market with a single buyer and multiple sellers is a monopsony.

Monopsony: There is only one buyer in a market.

In extreme cases - monopoly and monopsony - the firm controls the entire market.

They argued that the labour market was dominated by employers, and therefore had the same effect as monopsony.

Some opponents of the board's monopsony have suggested it to be replaced by a 'dual market' system.

Nonetheless, the government appoints five members to the board so supporters of the board's monopsony have only an eight to seven majority.

Furthermore, some employers have "monopsony" power over workers, meaning that they can pay less than the competitive amount without losing their work force.

As a result, Cisneros closed trade again, restoring the Spanish monopsony.

So Apple is still not a monopsony.

This enabled them to create a monopsony (market conditions where there is only one buyer) that suppressed wages.

Because of this monopsony situation, Hydro-Québec received very favourable terms on the power sale contract.

British and Portuguese merchants broke this monopsony by resorting to contraband trade.

"You don't have a monopsony on meaning.

Thursby includes marketing boards, possibility of a monopsony, and a variety of government policies in the analysis.

Fonterra effectively has monopsony control of the New Zealand domestic and export dairy industry.

Imperfect market structures, such as a monopoly, monopsony, oligopoly, oligopsony, and monopolistic competition.

Although often called a monopoly, it was actually a monopsony since it was the only buyer of wheat and barley.

The above mentioned points relate to a perfectly competitive market but can be further extended to monopolistic competition, oligopoly, monopoly and monopsony markets.

Conversely, on the consumer side, a monopsony may negotiate or demand prices that do not reflect actual demand or cost of production.

The terms monopoly (one seller), monopsony (one buyer), and bilateral monopoly have a similar relationship.

The related terms oligopoly and monopsony are similar in meaning and this is the type of situation that antitrust laws are intended to eliminate.