Monopsony in Law and Economics
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Book Overview
Most readers are familiar with the concept of a monopoly. A monopolist is the only seller of a good or service for which there are not good substitutes. Economists and policy makers are concerned about monopolies because they lead to higher prices and lower output. The topic of this book is monopsony, the economic condition in which there is one buyer of a good or service. It is a common misunderstanding that if monopolists raise prices, then monopsonists...
Format:Paperback
Language:English
ISBN:0521746086
ISBN13:9780521746083
Release Date:September 2010
Publisher:Cambridge University Press
Length:262 Pages
Weight:0.79 lbs.
Dimensions:0.7" x 6.0" x 8.9"
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