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    Microeconomics Study Set 23
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    Exam 10: Market Power: Monopoly and Monopsony
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    The Situation in Which Buyers Are Able to Affect the Price
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The Situation in Which Buyers Are Able to Affect the Price

Question 66

Question 66

Multiple Choice

The situation in which buyers are able to affect the price of a good is referred to as ________ power.


A) monopoly
B) purchasing
C) monopsony
D) countervailing

Correct Answer:

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