Monopsony power is held by a _____, and monopoly power is held by a _____.
A)seller; buyer
B)buyer; seller
C)producer; regulator
D)regulator; producer

Question

Quizplus · Accepted Answer

Monopsony power is held by a buyer, which means there is only one buyer in the market, and they have the power to set the price. Monopoly power is held by a seller, which means there is only one seller in the market, and they have the power to set the price. Therefore, the best choice is B.

Monopsony Power Is Held by a _____, and Monopoly Power