Buyer Power

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August 31, 2024 4 min read Definitions

Monopsony Power: The Degree of Control That a Buyer Can Exert in a Market

Economics Market Structures Monopsony Buyer Power Market Concentration Market Control Economics

Monopsony Power refers to the degree of control that a buyer can exert in a market, typically measured by the concentration of buyers. It is the counterpart of monopoly power where a single buyer controls the market for a product or service.

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