Thursday, December 4, 2014

Real Life Example of Monopsomy

There has only been one FRQ question on monopsony which was back in 1999, but that just makes it ripe for another appearance on the AP exam again.  Above is how Amazon might be considered one since it is the major (monopsony is the only one and generally it is for labor) buyer of books and, perhaps, soon other things.

Below is an AC/DC video on what it is.

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