It represented the new European economic ideas, and noted that the legal monopsony with Spain did not prevent British goods from being smuggled.
22.
The US Department of Justice has recognized this percentage of market control as conferring substantial monopsony power in the relations between insurer and physicians.
23.
This blames monopoly in the product market, monopsony in the labour market, and cartellization as the main causes for exploitation of workers.
24.
According to this theory, unemployment may promote general profitability by increasing employers'rationale for their monopsony-like power ( and profits ).
25.
Nor does it explain why having three major defense contractors is a bad thing, especially considering that many of them operate as effective monopsonies.
26.
The above-mentioned points relate to a perfectly competitive market but can be further extended to monopolistic competition, oligopoly, monopoly and monopsony markets.
27.
Finally, monopsony power will occur when the average revenue product of labor increases with the amount of labor employed, due to economies of scale.
28.
Furthermore, some employers have " monopsony " power over workers, meaning that they can pay less than the competitive amount without losing their work force.
29.
Anna Milford has constructed a detailed theoretical examination of co-operatives in controlled buyer markets ( monopsony ), and the implications for Fair Trade strategies.
30.
The inherent aim of a union is to create a labor monopoly so as to balance the monopsony a large employer enjoys as a purchaser of labor.
