Monopsony vs Monopoly models

Описание к видео Monopsony vs Monopoly models

This video contrasts the monopoly (single seller) and monopsony (single buyer) pricing models, and how they both differ from a perfectly competitive market.

For a closer look at the monopsony model, see this video on the labor market and the effect of the minimum wage or a job guarantee:    • Labor market monopsony and the minimu...  

Thank you to: ETS Multimedia Services at UC San Diego and the developers of open-source programs OpenShot Video Editor (openshot.org) and Audacity (audacityteam.org)

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