Degree of monopsony power

  • Created by: Tash5151
  • Created on: 16-06-16 17:06
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  • Assess the degree of monopsony power
    • Eval: In LR high power means less choice for consumers
    • Are they able to give consumers low prices?
    • Eval: Monopsony may attract the regulators
    • Is the concentration ratio high or low?
    • Eval: if profits are low it could be because of other factors e.g. x inefficiency
    • Can they change suppliers easily?


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