Monopsony A monopsony is a market in which there is a single buyer.
{"Image DocumentName": "Monopsony A monopsony is a market in which there is a single buyer.", "Image ImageDescription": "An oligopsony is a market with only a few buyers. Monopsony power is the ability of the buyer to affect the price of the good and pay less than the price that would exist in a competitive market. Typically choose to buy until the benefit from last unit equals that unit\u2019s cost. Marginal value is the additional benefit derived from purchasing one more unit of a good. Demand curve \u2013 downward sloping. Marginal expenditure is the additional cost of buying one more unit of a good. Depends on buying power.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}