A monopsonistic market for labor | Microeconomics | Khan Academy

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When there is a single buyer of labor this type of market is called a monopsonistic labor market. Learn how this changes the analysis of labor markets and why marginal factor cost is higher than the supply of labor in such markets.
AP(R) Microeconomics on Khan Academy: Microeconomics is the study of individual decisionmakers in an economy, such as people, households, and firms. Learn how markets work, how incentives drive decisionmaking, and how market structure influences market outcomes. We hit the traditional topics from an AP Microeconomics course, including basic economic concepts, markets, production and costs, profit maximization perfect competition, imperfectly competitive market structures, game theory, factor markets, and income inequality.
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[@madelineliston5095]

Now I know where I’m going for economics studying. So much clearer than any of my teachers. Thanks!

[@nimrodpimrod]

Are these videos on the Khan Academy website? I can`t find them there even if I search video title in the search function on the site. Are they released on youtube first and then to KA?

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My phone doesnt recognise the video format?

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First