Unlike a competitive buyer:
A)a monopsonist pays a different price for each unit purchased.
B)the price that a monopsonist pays depends on the number of units purchased.
C)a monopsonist sets marginal value equal to marginal expenditure.
D)a monopsonist faces an upward- sloping industry supply curve.

Question

Quizplus · Accepted Answer

A monopsonist's price depends on the quantity purchased because they have market power over suppliers, meaning as they buy more, the price they have to pay per unit can increase due to the upward-sloping supply curve they face.

Unlike a Competitive Buyer