In my economics textbook and on the internet it says that in a monopsony controlled market, to employ one extra worker the firm has to increase the wages of all workers. I can't find a reason for this anywhere! Surely the firm can just pay the extra worker the same wage as the others and not raise the wage rate?
A2 economics question on monopsony buyer Watch
- Thread Starter
- 17-02-2016 09:49
- Official TSR Representative
- 19-02-2016 11:03
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