When buyers have a degree of market power, it is called:

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Monopsony power is the degree of market power that a buyer has in a market where there is only one buyer and many sellers, or where there are few buyers and they are much larger and stronger than the sellers. This allows the buyer to exert significant influence on the price and terms of trade with sellers. Monopsonistic buyers have the ability to pay lower prices to the sellers than would be the case if there were a more competitive market.

When Buyers Have a Degree of Market Power, It Is