Exploitation due to a single buyer in the input market is known as

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Monopsonistic exploitation occurs when there is only one buyer in the input market and they are able to exploit suppliers by dictating low prices for inputs. This can lead to a decrease in producer surplus and an increase in the buyer's market power. Monopoly exploitation refers to a situation where there is only one seller in the market who is able to charge excessively high prices. Marxian exploitation refers to the extraction of surplus value from workers by capitalists. Closed shops refer to a unionized workplace where only union members are allowed to work.

Exploitation Due to a Single Buyer in the Input Market