Question

question on monopoly and monopsony

Answer 1

there is nobody in economics so i felt it necessary to post it here:

Answer 2

I understand that monopolistic MR is less than demand due to price reduction for increased sales. but when it comes to actual output, how is it that a monopoly can accomplish the demanded price on a certain quantity rather than the MR price? as in, it will produce the quantity at MR=MC, but the price at D. I figured the same issue of price reduction for the sake of increased quantity would apply here forcing them to either lower price or sell less, no?

Answer 3

whats monopsony? :)

Answer 4

monopoly for buyers. if monopoly is 1 seller, then monopsony is 1 buyer

Answer 5

ahhh cool :)

Answer 6

lol i wish someone would answer