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Economics Homework Twelve - Model (view source)
Revision as of 01:23, March 9, 2011
, 01:23, March 9, 2011no edit summary
1. A monopoly is one seller without any competitors. What is a "monopsony"?
1. A [[monopoly]] is one seller without any competitors. What is a "monopsony"?
:A monopsony is only one buyer. (Allie)
:A [[monopsony]] is only one buyer. (Allie)
:A monopsony is when a buyer has control over all of the purchases. (Isaac)
:A monopsony is when a buyer has control over all of the purchases. (Isaac)