Economics
Study Notes
Monopsony Power in Markets
- Level:
- A Level
- Board:
- AQA, Edexcel, OCR, IB
Last updated 3 Jul 2018
Monopsony is an important idea in economics but not often discussed in the media – indeed there were only six references to it in the Financial Times between 2003 and 2009!
Monopsony Power in Markets - Revision Video
#Tesco has announced a "long-term, strategic alliance" with the French supermarket giant #Carrefour. They say it will "enable both companies to improve the quality and choice of products available to their customers, at even lower prices thereby enhancing their competitiveness." pic.twitter.com/3hjcxD3ljW
— Guy Kilty (@GuyKilty) July 2, 2018
How do firms achieve monopsony power? (Revision Video)
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