| Competition among hiring firms had given way to what would today be called oligopsony or monopsony. |
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| Using modern terms, in labor markets oligopsony or monopsony emerges, and market imperfections and a zero reservation price for labor exist. |
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| In this manner, the imperfect market for players has been transformed from one of monopsony to that of bilateral monopoly. |
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| There may have been instances of monopsony or oligopsony in the 19th century, but they were short-lived. |
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| One way of attending to this need for prudent regulation would be to establish a monopsony, a situation where only one buyer exists for the products of several sellers. |
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| Still some argue that Canadian medicare is a monopoly v or, a more accurate term for a single purchaser, a monopsony. |
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| The related terms oligopoly and monopsony are similar in meaning and this is the type of situation that antitrust laws are intended to eliminate. |
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| In particular, these measures have been most successful in countries where the health care is mainly tax-financed and where there is monopsony power through single purchasers of health care. |
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| The existence of a bilateral monopoly or a monopsony in the purchase of health insurance, as our health care system has often been described, is a concept devoid of content that masks the reality of how the system operates. |
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| The market for these firms could evolve from a monopsony, in which the dominant buyer has been the American government, into something more open and competitive. |
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| Disregarding the SSEB, and the possibly emerging independent generating stations, the monopsony will be succeeded by duopsony. |
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