Topic Videos
Monopsony Power in Markets
- Level:
- A-Level, IB
- Board:
- 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.
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