(1) Two extremes are monopsony i . e . the perfect competition.

(2) Monopsony power gives them the ability to pay a price that is less than marginal value.

(3) The less elastic the supply, the greater the monopsony power.

(4) Bilateral monopoly is rare, however, markets with a small number of sellers with monopoly power selling to a market with few buyers with monopsony power is more common.

(5) In addition, as for the infant industry argument, the actual political pressures tend to produce tariff structures that do not in fact take advantage of any monopoly or monopsony positions.

(6) This product has Been innovated and is suitaBle for multi - purpose . Monopsony no longer exists.

(7) Market power can be in two forms : monopoly power and monopsony power.