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by eric_h 3803 days ago
Thanks for teaching me a new word (monopsony)! It's been a long while since my vocabulary has been increased with something that's not a millennial invention.
2 comments

It's been a long while since my vocabulary has been increased with something that's not a millennial invention.

That means you're missing The Allusionist! http://www.theallusionist.org/

Farmers know that term very well. When the second loading ramp or grain elevator closes, and there's only one buyer left, farmers face a monopsony. Farmers have fought back with co-ops and Government price supports.