ILO:
a) Characteristics and conditions for a monopsony to operate
b) Costs and benefits of a monopsony to firms, consumers, employees and suppliers
a) Characteristics and conditions for a monopsony to operate
b) Costs and benefits of a monopsony to firms, consumers, employees and suppliers
Monopsnoy
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Watch the revision video to consolidate your knowledge of a monopsony:
Monopsony Power in Markets I A Level and IB Economics
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Assess if teachers shortages in the UK are associated to the Government being a monopsony buyer of labour. (10 marks)
Teacher shortages in England
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Exam style question:
How might the super market structure in the UK as a monopsony buyer (B2B with suppliers) impact
consumers and suppliers (15 marks)
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Anna Soubry's "caring Conservative" view of Tesco's exploiting its suppliers
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Morrisons "Milk for Farmers" and life on a Tesco dairy contract.
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