Microeconomics
Microeconomics
What forces may lead to the breakup of an employer (monopsony) cartel?
Identify the factors that may lead to the breakup of an employer (monopsony) cartel.
Monopsony is a market structure with only a single buyer where certain factors may lead to the breakup of an employer. They are listed below:
- Entry and exit of new firms: The most important factor that determines the breakup of an employer in a monopsony market is the entry and exit of the new firms...
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