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buyer's monopoly

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  • Buyer's Monopoly — A buyer s monopoly, or monopsony , is a market situation where there is only one buyer and many sellers. This situation gives the buyer considerable power to demand concessions from sellers, since the sellers have no alternative to selling to the …   Investment dictionary

  • Monopoly — This article is about the economic term. For the board game, see Monopoly (game). For other uses, see Monopoly (disambiguation). Competition law Basic concepts …   Wikipedia

  • monopoly — Absolute control of all sales and distribution in a market by one firm, due to some barrier to entry of other firms, allowing the firm to sell at a higher price than the socially optimal price. Bloomberg Financial Dictionary * * * monopoly… …   Financial and business terms

  • monopoly and competition — ▪ economics Introduction       basic factors in the structure of economic markets.In economics monopoly and competition signify certain complex relations among firms in an industry. A monopoly implies an exclusive possession of a market by a… …   Universalium

  • Bilateral Monopoly — A market that has only one supplier and one buyer. The one supplier will tend to act as a monopoly power, and look to charge high prices to the one buyer. The lone buyer will look towards paying a price that is as low as possible. Since both… …   Investment dictionary

  • bilateral monopoly — noun [C] (plural bilateral monopolies) ECONOMICS ► a situation in which there is only one buyer and only one seller in a market: »In a bilateral monopoly, the one supplier will look to charge a high price, and the lone buyer will want to pay the… …   Financial and business terms

  • Bilateral monopoly — In a bilateral monopoly there is both a monopoly (a single seller) and monopsony (a single buyer) in the same market. A bilateral monopoly model is often used in situations where the switching costs of both sides are prohibitively high. Bilateral …   Wikipedia

  • bilateral monopoly — A situation in which a monopoly seller bargains with a monopoly buyer (see monopsony). The classic application of bilateral monopoly is to the negotiation of wages between a union and a firm. The most famous solution (1950) is that stated by John …   Big dictionary of business and management

  • bilateral monopoly — noun : a market condition in which only one buyer or one group of associated buyers confronts only one seller or one group of associated sellers …   Useful english dictionary

  • Monopsony — A market similar to a monopoly except that a large buyer not seller controls a large proportion of the market and drives the prices down. Sometimes referred to as the buyer s monopoly. People have accused Ernest and Julio Gallo (the big wine… …   Investment dictionary

  • Business and Industry Review — ▪ 1999 Introduction Overview        Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… …   Universalium

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