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. a clever way of not swearing, but doing so at the same time. friend: "WHOA, check out that catch" other friend: "holy m..
1. (Noun)A friend who is also a work colleague. Frolleagues are often created during a particularly rowdy night of work drinks and are use..
1. Jedi day is May 4th - May the Fourth (be with you) - as in: May the Force be with you, what the Jedis in Starwars saw to each other. &..