Chapter 8 Market Power: Monopoly and Monopsony. What is Monopsony? Mono = means “One” + Psony = means “Buyer” = One Buyer or One Consumer.
What comes to your mind when you hear the word, “Economics”? $
Study Unit 7
C hapter 17 Interest, Rent, and Profit © 2002 South-Western.
Welcome
TA 96 on pricing
1. PERFECT COMPETITION: A MODEL Learning Objectives 1.Explain what economists mean by perfect competition. 2.Identify the basic assumptions of the model.
