Monopsony power

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    is the ability of a buyer to purchase in volume and so receive a discount from the competitive market price.
     is the ability of a buyer to affect the price of a good and purchase it for a lower price than would prevail in a competitive market.
     is the ability of a seller of a key resource to sell it for a higher price than would prevail in a competitive market.
     is the ability of a monopolist to purchase a good for a lower price than would a firm in a competitive market.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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is the ability of a buyer to affect the price of a good and purchase it for a lower price than would prevail in a competitive market.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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