Examine measures the government might use to restrict the monopsony power of supermarkets.

The measures that government might use to restrict the monopoly power of supermarkets would be introducing competition policy like for instance introducing new entrant into the market so not only one firm dominates the market Also , another measure that the government could use to restrict monopsony is by introducing minimum pricing so that it ensures that fair prices are paid to suppliers and no monpsony power is applied to rip off suppliers

Answered by Akrit K. Economics tutor

5393 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

How does a firm maximise revenue (linear revenue curves)?


What are the components of Aggregate Demand?


Define the term ‘subsidies’ .


Explain the factors influencing short run and long run aggregate supply


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2024

Terms & Conditions|Privacy Policy
Cookie Preferences