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The post office is a monopsony employer of postal workers.
Market with one buyer and and one seller is called bilateral monopsony
The answer to this question is "a monopsony". This is where one buyer faces many sellers.
Monopsony
new sources of power :)
The post office is a monopsony employer of postal workers.
Frank A. Walsh has written: 'Monopsony power with variable effort'
Market with one buyer and and one seller is called bilateral monopsony
The answer to this question is "a monopsony". This is where one buyer faces many sellers.
Monopsony
i need assumptions of monopsony ..................
An example of monopsony in The Grapes of Wrath is when the large landowners in California have a near-monopoly on purchasing labor from the migrant workers. Through their power to control wages and working conditions due to their dominant position in the market, they are able to exploit the workers and pay them minimal wages.
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.
what are sources of hydro power project
Monopsony
Monopsony
The sources of electric energy are power plants and power generator...