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Monopsony
| Competition law |
|---|
 |
| Basic concepts |
| Anti-competitive practices |
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| Enforcement authorities and organizations |
| Quantity | one | two | few |
|---|---|---|---|
| Sellers | Monopoly | Duopoly | Oligopoly |
| Buyers | Monopsony | Duopsony | Oligopsony |
In economics, a monopsony is a market structure in which a single buyer substantially controls the market as the major purchaser of goods and services offered by many would-be sellers. The microeconomic theory of monopsony assumes a single entity to have market power over all sellers as the only purchaser of a good or service. This is a similar power to that of a monopolist, which can influence the price for its buyers in a monopoly, where multiple buyers have only one seller of a good or service available to purchase from.
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