Economics B A-Level
Monopsony power
What Monopsony power means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Monopsony power
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Reference: Pearson Edexcel
Arises when a single buyer dominates, such as a large supermarket forcing down prices paid to dairy farmers.
Topics that use Monopsony power
- Market failure (Pearson Edexcel A-Level)
Related terms
Using Monopsony power in the exam
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