The monopsonist's markdown in the buying price increases as:

Name: The monopsonist's markdown in the buying price increases as:
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The monopsonist's markdown in the buying price increases as the supply elasticity declines. This is because when the supply elasticity is low, the suppliers have fewer alternatives and are more dependent on the monopsonist as a buyer. Therefore, the monopsonist can exercise greater market power and reduce the price it offers to suppliers, resulting in a larger markdown.

The Monopsonist's Markdown in the Buying Price Increases As