3 ms·
You are confusing monopsony and monopoly. Monopsony is often a government buyer, say of prisons or aircraft carriers, and the monospony puts the buyer in a str
by tacon 10y ago
You are confusing monopsony and monopoly. Monopsony is often a government buyer, say of prisons or aircraft carriers, and the monospony puts the buyer in a stronger position. In a monopoly, the power is with the seller.