Economics (MindTap Course List)
Economics (MindTap Course List)
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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