Labor Markets: Competitive vs. Monopsony

This video demonstrates the difference between competitive and monopsony labor market outcomes by solving a problem for the competitive equilibrium and monopsonist equilibrium.

[labibatahsin]

Thank you so much !! you made it so much simpler than my lecturer

[billyotter]

perfect video and perfect explanation... thank you very much

[loveezakhansharifi]

You are a lifesaver. Thank you so much :D

[karendodoo]

so can we say that the labour demand function is always the same as the MRP??

[adityagupta_]

It's a good explanation. Thanks man :)

[qqhey]

it's great. Help me a lot. Thanks man.

[zoyaali]

monopsony as the price of labour increases, the marginal expenses on labour
A. Increase
B. Remain same
C. Decrease
D. Are very high
Plz ans the correct one