You searched for: “monopsonies
monopsony (s), monopsonies (pl) (noun forms)
1. A situation in which a particular type of product or service is only being bought or used by one customer: "An example of pure monopsony is a firm that is the only buyer of workers in an isolated town where the company would be able to pay lower wages to its employees than it would if other firms were present."
2. A market situation in which the products or services of several sellers is sought by just one buyer.
3. A market in which goods or services are offered by several sellers but there is only one buyer.
4. A condition in which there is only one buyer for the product of a large number of sellers.
5. Etymology: from Ancient Greek ????? (monos), "single" + ?????? (opsonia), "purchase".