It would loosely defined as Monopsony. [1]
Both a monopoly and a monopsony refer to a single entity influencing and distorting a free market.
In a monopoly, a single seller controls or dominates the supply of goods and services.
In a monopsony, a single buyer controls or dominates the demand for goods and services.
[1] https://en.wikipedia.org/wiki/Monopsony
It would loosely defined as Monopsony. [1]
Both a monopoly and a monopsony refer to a single entity influencing and distorting a free market.
In a monopoly, a single seller controls or dominates the supply of goods and services.
In a monopsony, a single buyer controls or dominates the demand for goods and services.
[1] https://en.wikipedia.org/wiki/Monopsony