What is an example of monopsony?

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asked Jul 2, 2019 71.3k views

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Warner · Answer 1 · 2019-07-08T01:43:28+0000

one buyer, many sellers and no close substitutes
usually this won't have an exact example to match all the requirement
so, try get those small company as the example of your answer

What is an example of monopsony?

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