Economics Asked by Nabil C on August 31, 2020
For instance, Tesco has more buying power over British farmers. How would I show this on a monopsony graph where Tesco has a surplus?
I am not sure what you mean by a monopsony graph. If you mean a graph wherein you show that Marginal Factor cost is not equal to the inverse input supply curve, then you do not need the graph at all. The fact that $MFC(x) neq w_x$ shows that the buyer has market power.
Not sure what you mean by having "more buying power".
Answered by Giskard on August 31, 2020
Get help from others!
Recent Answers
Recent Questions
© 2024 TransWikia.com. All rights reserved. Sites we Love: PCI Database, UKBizDB, Menu Kuliner, Sharing RPP