The difference between a monopsonist's marginal expenditure and that of a price taker is:

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The difference between a monopsonist's marginal expenditure and that of a price taker is the price increase effect. A monopsonist has market power and can lower the price of the input by reducing its purchase. This means that the marginal expenditure of a monopsonist will be lower than that of a price taker. However, if a monopsonist increases its purchase of an input, its market power decreases, and the price of the input increases. This means that the monopsonist's marginal expenditure also increases. This is known as the price increase effect.

The Difference Between a Monopsonist's Marginal Expenditure and That of a Price