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.


86

Random Words:

1. 1. the letters that come up if you press 1-9 on your cell phone 2. a term of frusteration when your texting converstaion has come to a ..
1. A nutsack that is so miniscule, that its contents do not warrant being referred to as testicles, but rather a test's smaller counte..
1. 1)n. a cute but ultimately odd creature that smells obsenely awful until dosed with baby shampoo 2)v. to shake oneself in a violent spa..