Duopsony
Definition, Meaning & Examples
Part of speech noun
Quick meaning: Duopsony is a noun meaning An economic condition in which two buyers exert control over the market price of a commodity.
Meaning
An economic condition in which two buyers exert control over the market price of a commodity.
Example Sentences
In this paper we will utilise a simple Hotelling-style duopsony model of the labour market to analyse the link between gender differences in mobility patterns, the gender pay gap, and Robinsonian discrimination.
Word Forms
- duopsonies
Related Words
Related dictionary entries include oligopsony, duopoly, polyopsony, monopsony, oligopoly, monopoly.
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Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
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