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Monopsony Power in Markets

A-Level, IB
AQA, Edexcel, OCR, IB, Eduqas, WJEC, CIE

Last updated 11 Jan 2024

This revision video looks at monopsony power. In economics, monopsony power refers to the market power that a single buyer or a group of buyers can exercise over the sellers in a market. It's the flip side of monopoly power, which is the market power exerted by a single seller over buyers.

Monopsony Power in Markets

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