Market power30 نوفمبر 2021 2021-11-25 23:07
What does it mean to shift market power to consumers?
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A buyer has monopsony power if there is an upward-sloping supply curve and only one buyer. A buyer’s monopoly is able to use its market power to capture additional profits for its owners. … From the point of view of the sellers, and possibly across all social welfare, a buyer’s monopoly can undesirable.
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