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Can you find any examples of a monopsonistic market? How would this market affect employee wages? What are any other concerns with this market?

Can you find any examples of a monopsonistic market? How would this market affect employee wages? What are any other concerns with this market?

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i.An example of a monopsonistic market is a coal mine owner in town where coal mining is the primary source of employment.... View the full answer

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Other Answers

A monopsonic market is a market with a large single buyer. For example in a locality where all the workers mine coal or work... View the full answer

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