Top Definition
The opposite of a monopoly; whereas an economic monopoly is on the supply side, a monopsony is on the demand side.
A managed health care provider is a monopsony for the doctors working within it. They cannot bill anyone but the provider, not their patients.
by abc_worder March 20, 2005
1 Word related to monopsony

Free Daily Email

Type your email address below to get our free Urban Word of the Day every morning!

Emails are sent from We'll never spam you.