1. relating to or characteristic of a monopsony, a market situation where there is only one buyer for a particular good or service
Usage: economics

Examples

• The company’s monopsonistic power allowed it to dictate prices to suppliers.
• Labor markets can become monopsonistic when there’s only one major employer in town.
• The government investigated the firm’s monopsonistic practices in the agricultural sector.
• Monopsonistic behavior often leads to lower wages for workers.
• The merger would create monopsonistic conditions in the regional market.
• Economists studied the monopsonistic effects on small farmers.