Monopsony

What is Monopsony?

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.

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Mafugly

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1. Used most when you're so excited or frustrated about something that everything pours out of your mouth at once, but in text form. ..

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Monopsony Edit Meaning