Edexcel A Level · 9EC0 · Theme 3: Business behaviour and the labour market
3.4.6 Monopsony
Everything you need for questions on monopsony, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- What is monopsony?
- The monopsony diagram
- Costs and benefits
- Worked example
- Classic question: is monopsony power always bad?
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- One buyer, many sellers
- Sort the effects
- Who wins, who loses?
- Monopsony trainer
- Power as a buyer
- Build the chain
- Exam practice
This is part of the Exam Toolkit
Join the Exam Toolkit to open every lesson page, worksheet, diagram and chain.