- Created by: Tash5151
- Created on: 16-06-16 17:06
- 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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