3 English Words Ending in OPSONY
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Definition: 1. An economic condition in which two buyers exert control over the market price of a commodity.
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Definition: 1. (economics) A market situation in which there is only one buyer for a product. [from 1930s]
There are 2 definitions of the word monopsony
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Definition: 1. An economic condition in which a small number of buyers exert control over the market price of a commodity.
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