A pure monopsonist
A)is the sole buyer of a particular good or resource in a given market.
B)can adjust only quantity produced and so is a price-taker in the input market.
C)purchases as many units of input as it desires without influencing the per unit price of the input.
D)confronts a perfectly elastic supply curve of the input.

Question

Quizplus · Accepted Answer

A pure monopsonist is the only buyer in the market for a particular good or resource, giving it significant market power to set the price it pays for the input it purchases.

A Pure Monopsonist