What is Monopsony and its examples ?Definition of MonopsonyInformation on definition of monopsony and its examples is given below. Monopsony is a market condition in which a single buyer substantially controls the market as a major purchaser of services or goods offered by many sellers in the market. Monopsony is one of the important concept in economics but it has both advantages and disadvantages in the over all market structures. Monopsony also has imperfect market condition. |
What are the characteristics of Monopsony ?Some points of the characteristics of monopsony are discussed below. Monopsony has both advantages and disadvantages for the buyers and sellers which is to be noted down. Monopsony is a type of imperfect market. |
Advantages and Disadvantages of MonopsonySome of the Advantages and Disadvantages of Monopsony are as follows. So let us check it out some information on pros and cons of monopsony to know more about it. |