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Monopsony in Law and Economics - Blair, Roger D, and Harrison, Jeffrey L
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Most readers are familiar with the concept of a monopoly. A monopolist is the only seller of a good or service for which there are not good substitutes. Economists and policy makers are concerned about monopolies because they lead to higher prices and lower output. The topic of this book is monopsony, the economic condition in which there is one buyer of a good or service. It is a common misunderstanding that if monopolists raise prices, then monopsonists must lower them. It is true that a monopsonist may force sellers to ...

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Monopsony in Law and Economics 2010, Cambridge University Press, New York

ISBN-13: 9780521746083

Revised edition

Trade paperback

Monopsony in Law and Economics 2010, Cambridge University Press, New York

ISBN-13: 9780521762304

Hardcover