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LSDefine

Simple English definitions for legal terms

monopsony

Read a random definition: judicial power

A quick definition of monopsony:

Monopsony: When there is only one buyer in a market, it is called a monopsony. This means that the buyer has a lot of power because there are no other buyers to compete with. This can be bad for the sellers because the buyer can control the price and buy less than what is needed for the market to work efficiently.

A more thorough explanation:

Definition: Monopsony is a market situation where there is only one buyer who controls the market.

Example: A small town has only one grocery store. The grocery store is the only buyer of food products in the town. This means that the grocery store has a monopsony over the food market in the town.

Monopsony is the opposite of monopoly. In a monopoly, there is only one seller who controls the market. In a monopsony, there is only one buyer who controls the market. Monopsony can lead to inefficient allocation of resources because the buyer has the power to limit the quantity of the input product or service below the efficient level.

monopoly power | Monroe Doctrine

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im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
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