Mind map
Monopsony
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Monopsony
A pure monopsony is a firm which is the sole buyer of resources or supplies
Benefits
- Firms are able to make more profits because suppliers cant overcharge
- Lower buying costs might be passed onto consumers through retail prices
Information
- Description
- Mind Map on Monopsony, created by indysingh7285 on 31/01/2016.
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- indysingh7285
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