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Monopsony

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Definition Edit

Monopsony is "market power exercised on the buying side of the market," power that lets a buyer or buyer group "reduce the purchase price by scaling back its purchases."[1]

References Edit

  1. Entering the 21st Century: Competition Policy in the World of B2B Electronic Marketplaces, at 13 (citing Areeda, Hovenkamp & Solow, Antitrust Law ¶574 (1995)..

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