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valid in light of the fact that each point on the interest bend responds to the inquiry, Assuming purchasers are confronted with this possible
valid in light of the fact that each point on the interest bend responds to the inquiry, "Assuming purchasers are confronted with this possible value, the amount of the item will they buy?" But, assuming a purchaser has market power (that is, the sum he purchases impacts the value), he isn't "confronted with" some random cost, and we should utilize a more convoluted model, of monopsony.
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