Monopsony | Difference between Monopsony and Monopoly | Examples of Monopsony | Part 1 |

In this video, we are discussing what is a monopsony? What are the different features of Monopsony ? How Monopsony is different from Monopoly ?Examples of Monopsony ?
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[@nishantmehraecopoint]

What are the causes of the emergence of monopsony ?
1. In some cases, geographic isolation can lead to a monopsonistic market, especially if transportation costs are high, making it difficult for multiple buyers to enter the market.
2. High barriers to entry can discourage potential buyers from entering the market, leading to a single dominant buyer.
Which of the following is / are correct ?
a) Both
b) None
c) Only 1
d) Only 2

[@phantomsalvatore4176]

Only one

[@TejYadav-i7z]

Both, sir

[@TejYadav-i7z]

1. is Correct. Eg- Small farmers selling to only one firm
2. is also correct. Eg- Barrier to entry in say, buying of arms. Government will be the sole buyer

[@koshikapandey8540]

a. Both

[@nishupriya6210]

Both

[@prathamshettigar1785]

Really its useful for me

[@prathamshettigar1785]

❤

[@Eco_Scholar]

❤❤❤

[@priyapandey0572]

Much needed this topic 😅 thankyou so much sir 🙏

[@koshikapandey8540]

Thank you Sir 🙌🏼

[@muskaanbhatia8295]

Thank you sir