Why is there a social cost to monopsony power? If the gains to buyers from monopsony power

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Why is there a social cost to monopsony power? If the gains to buyers from monopsony power could be redistributed to sellers, would the social cost of monopsony power be eliminated? Explain briefly.

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:25 AM

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Why is there a social cost to monopsony power? If the gains to buyers from monopsony power

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With monopsony power the price is lower and the qu...View the full answer

Microeconomics

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