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Previous Thread Next Thread Print Thread Trivia Question: Opposite condition of monopoly #804 03/21/2000 1:18 PM Joined: Mar 2000 Posts: 4 Philadelphia, PA, USA jbutler003 stranger jbutler003 stranger Joined: Mar 2000 Posts: 4 Philadelphia, PA, USA A few years ago, I ran across an interesting word in the Wall Street Journal. The article was about postal box manufacturers of which there are a few and the customers of which there is one, the US Post Office. We all know that a market with many buyers and one seller is a monopoly. With a limited number of sellers, it is an oligopoly. What is the term for a market that only has many sellers, but only a single buyer? If nobody gets it, I will post the answer in a few days. -Jay Copy Link to Clipboard Share Post on Facebook Share Post on Twitter Re: Trivia Question: Opposite condition of monopoly #805 03/21/2000 8:19 PM Joined: Mar 2000 Posts: 23 Ohio USA cadaver stranger cadaver stranger Joined: Mar 2000 Posts: 23 Ohio USA From the Encyclopedia Brittanica: When the number of sellers is quite large, and each seller's share of the market is so small that in practice he cannot, by changing his selling price or output, perceptibly influence the market share or income of any competing seller, economists speak of "atomistic competition". I suspect that there is some word such as monoemptor or uniemptor. Copy Link to Clipboard Share Post on Facebook Share Post on Twitter Re: Trivia Question: Opposite condition of monopoly #806 03/22/2000 5:59 AM Joined: Mar 2000 Posts: 4 Philadelphia, PA, USA jbutler003 stranger jbutler003 stranger Joined: Mar 2000 Posts: 4 Philadelphia, PA, USA Interesting. The word that I had seen was rooted in Greek as monopoly and oligopoly are. Through all of the economics classes that I ever took, this word was never mentioned. It is a rare market condition. -Jay Copy Link to Clipboard Share Post on Facebook Share Post on Twitter Re: Trivia Question: Opposite condition of monopoly #807 03/22/2000 5:33 PM Joined: Mar 2000 Posts: 1 wrivers stranger wrivers stranger Joined: Mar 2000 Posts: 1 According to Random House Unabridged the word you're looking for is: monopsony -- the market condition that exists when there is one buyer [1930-35 MON- + Gk osponia, purchase of provisions] --W. Rivers Copy Link to Clipboard Share Post on Facebook Share Post on Twitter Re: Trivia Question: Opposite condition of monopoly #808 03/23/2000 10:17 PM Joined: Mar 2000 Posts: 6 Short Hills NJ MarkHJay stranger MarkHJay stranger Joined: Mar 2000 Posts: 6 Short Hills NJ Wrivers is correct. "Monopsony" is a well-known term to economists. Copy Link to Clipboard Share Post on Facebook Share Post on Twitter Re: Trivia Question: Opposite condition of monopoly jbutler003 #191315 05/25/2010 11:42 AM Joined: May 2010 Posts: 1 danyisgreat stranger danyisgreat stranger Joined: May 2010 Posts: 1 The term "Monopsony" is like the home term of economists PATRICK THOMSON Copy Link to Clipboard Share Post on Facebook Share Post on Twitter Moderated by  Jackie  Hop To General Topics ------  Information and announcements  Q&A about words  Wordplay and fun  Words and languages in schools  Miscellany  Weekly Themes  Looking for (writers, speakers,... (Old) Weekly themes. (have been... ------  Words from medicine  Beheading words  Meta-words  Words from classical mythology  Animal Safari  Words with unusual etymologies  Eponyms or words derived from p...  Loanwords from German  English as a global language Print Thread Switch to Threaded Mode Show Likes Link Copied to Clipboard View Profile Private Message Follow User Forum Posts Like Summary View Profile Private Message Follow User Forum Posts Like Summary View Profile Private Message Follow User Forum Posts Like Summary View Profile Private Message Follow User Forum Posts Like Summary View Profile Private Message Follow User Forum Posts Like Summary View Profile Private Message Follow User Forum Posts Like Summary

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