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Monopsony

Definition

A monopsony is similar to monopoly, except that instead of a single seller it involves a single buyer. A firm with monopsony power is one that dominates the market for purchasing resources used to make end products.

Related Rules


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The “Beef-Packing Case,” United States v. JBS


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Weyerhaeuser Co. v. Ross-Simmons Hardwood Lumber Co.