monopoly
type: Concept

economic concepts
type: Concept
narrower: monopsony

concepts
type: Collection
type: ConceptGroup
member: monopsony

monopsony
definition: Monopsony is the “flip side” of monopoly. In monopoly, a firm is the sole seller of product to a group of consumers. [Source: Encyclopedia of Business Ethics and Society; Monopsony]
related: monopoly
broader: economic concepts
type: Concept