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Finance Dictionary and Glossary of Investment Terms
Similar to a monopoly, but where a large buyer (not seller) controls a large proportion of the market and drives the prices down. Sometimes referred to as the buyers monopoly.
Market characterized by the existence of only one buyer in a market, forcing sellers to accept a lower price than the societally optimal price.
A situation in which there is only one customer for a company's product. also called buyer's monopoly.