Monopsony

[@durgaprasadsarangi5668]

Today l am revisising monopsony market and get this video the most helpful . Thanks sir.........

[@zethumtila]

All your videos are great. This only channel I use for economics. Simple and straight to the point

[@daisycuevas4393]

I just want to thank you for all your videos! It helped me pass my class.

[@javokhirkurbonov6793]

Thank you very much for your video!!! It is was helpful for my final exam

[@USpatriot741776]

Thanks for uploading this. Really helped with my exam.

[@bidaubadeadieu]

Exactly what I was looking for! To be clear, if this was a competitive market (not monopsonistic) our first step would just be to set Ls and Ld equal and solve for w, right? Because at equilibrium supply and demand must be equal?

[@EconomicsinManyLessons]

You are correct on how to solve if it was competitive market.

[@aigulzhaparova12]

Thank you so much

[@fadobyan]

Should not we plug 11 back on either MCL or MRP instead of inverse supply equation?

[@EconomicsinManyLessons]

The most common mistake is to plug 11 back into MCL or the labor demand. If you do this, you will get a wage = $49, and at a wage of $49, the quantity of labor supplied (based on the supply equation) exceeds 11, where 11 is the profit maximizing value.

[@mansikumari4954]

Thanks dude

[@OCTOBERBOY01]

thanks mate

[@ritikaritu2181]

Fucking LOOOVE your videos. My prof is trash and nobody understands shit she's saying.