>> This school of thought argues that some labour markets are characterised by a market structure known as monopsony. Under a monopolistic regime one dominant s

>> This school of thought argues that some labour markets are characterised by a market structure known as monopsony. Under a monopolistic regime one dominant supplier sells to many buyers, whereas under a monopsonic regime, one dominant buyer purchases from many sellers. Just as a monopolist can set prices higher than would be the case in a competitive market, a monopsonist can set prices artificially lower. I had a really hard time understanding this paragraph. Did anyone else?