Monopsony

What is Monopsony?


1.

The opposite of a monopoly; whereas an economic monopoly is on the supply side, a monopsony is on the demand side.

A managed health care provider is a monopsony for the doctors working within it. They cannot bill anyone but the provider, not their patients.


0

Random Words:

1. N.A.C.L.E. stands for National Academy for Continuing Legal Education, but is also refered in The Dictoinery as a Penis (nacle) Rask th..
1. The polish name for Sweden/Sverige szwecja jest super sverige är super See sweden, swedish, swede..
1. Nerd Bashing is the unfortunate activity society enjoys today, though it started back when the Media started making its discriminatory p..