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in my eyes, monopsony do not have any advantages. for example, i am the ower of my website, which is the selling website. so, what i hope is the market is free and can control by ourself, not the monopsony company control the whole market, and we do not have any chance to do the business. this is just my own opinion.
Charley Lowe
Elva Reinger
advantages of monopoly
1 no risk of over prodution
2 there is enough capital for reseach
3 reduction in price of good
4 efficiently use of resourses
5 control over entire market
6 others are price takers
7 only producer of a particular product or service
disadvantages of monopoly
1 exploitation of consumers
2 restriction of consumers choice
3 absence of competition leads to inefficiency
4 increase in price of product
5 expoitation of labor i.e when price is greater than marginal cost.
Wiki User
∙ 11y agocartels are an instrument corparate collusions use in order to exploite consumers by fixing prices. this ensures that consumers have no other choice but to buy from them
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