Th3.4: ^^ Suppliers Flashcards

1
Q

For suppliers, what will the impact of a monopolist depend on?

A

the extent to which the monopolist is also monopsonist

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2
Q

What will happen if the monopolist buys all or most of the suppliers’ goods (so is a monopsonist)?

A

it will reduce the suppliers’ profits as the monopolist will decrease prices

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