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Monopsony Power

AQA, Edexcel, OCR, IB

Last updated 21 Mar 2021

This is a revision topic video on monopsony power in markets. A monopsony has buying or bargaining power in their market. This buying power means that a monopsony can exploit their bargaining power with a supplier to negotiate lower prices and therefore lower costs. What does this mean for consumers and suppliers?

Monopsony Power - Explanations and Examples

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