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