Last Updated：2022/12/24
Our next task is to consider the change in the amount of a commodity purchased when the market changes from an indefinitely large number of competing buyers to a single buying agency. This may be described as the comparison between competitive and monopsony buying, just as the corresponding comparison for selling was called the comparison between competitive and monopoly output.
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Our
next
task
is
to
consider
the
change
in
the
amount
of
a
commodity
purchased
when
the
market
changes
from
an
indefinitely
large
number
of
competing
buyers
to
a
single
buying
agency.
This
may
be
described
as
the
comparison
between
competitive
and
monopsony
buying,
just
as
the
corresponding
comparison
for
selling
was
called
the
comparison
between
competitive
and
monopoly
output.
