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Monopsony and Labour Market Power

Monopsony and Labour Market Power

A monopsony is a labour market with one dominant buyer of labour. The employer has wage-setting power because workers have few realistic alternative employers.

1.6.4 The determination of relative wage rates and levels of employment in imperfectly competitive labour markets Lesson

  1. A Level
  2. /Economics
  3. /1.6.4 The determination of relative wage rates and levels of employment in imperfectly competitive labour markets

Step-by-step lessons on AQA A Level Economics 1.6.4 The determination of relative wage rates and levels of employment in imperfectly competitive labour markets. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.

Lessons