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. The bestest-est nickname for Johnny depp. One of the coolest guys ever. See Noodles/Raoul Duke/The Johns Oh my god.. Thats! Thats T..
1. phe·nom·e·nal (dick) 1. The man or men, and in most cases married themselves, that bang your wife in a hotel that they allow her to pa..
1. Fawa: Falling Accidently while Approached. -When a member of the oppisite sex approaches a person, they may become so sweaty that the..