For future people to look it up. Monopoly is a single seller. Monopsony is a sin... | Hacker News

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lesuorac 62 days ago | parent | context | favorite | on: GTA 6 Developers Unionize

For future people to look it up.

Monopoly is a single seller.

Monopsony is a single buyer.

lesuorac 62 days ago [–]

Given how popular this has gotten I guess I should point out that it's wrong.

There isn't a single seller so the proper ones are

Oligopoly - Market with few sellers

Oligopsony - Market with few buyers

"few" really meaning that they have pricing power as opposed to 3 companies.

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