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monopsony is single buyer of a commodity in the

Monopsony is single buyer of a commodity in the market.

The MRP slopes downward in an imperfectly competitive (resource) market serving an not perfectly competitive product market due to the MP diminishes and the price of the output must be lowered to sell more.

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Microeconomics: monopsony is single buyer of a commodity in the

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Microeconomics: monopsony is single buyer of a commodity in the

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