Suppose a previously competitive labor market turns into a monopsony. The labor supply curve faced by the new monopsonist is

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In a monopsony, the single buyer (employer) faces the market supply curve of labor directly, as there are no other firms to compete with for workers. This contrasts with a competitive labor market, where no single employer has enough market power to influence the wage rate or the shape of the labor supply curve they face.

Suppose a Previously Competitive Labor Market Turns into a Monopsony