12/5/2023 0 Comments Bilateral monopoly examplesThe obvious and antagonistic scenarios that can result in this market are monopsony and monopoly. The mine is monopolistic in producing lignite, and as the only buyer the power station acts as a monopsony.ĭepending on which side has greater negotiation power there can be different outcomes that resemble more or less its two extreme possibilities, as shown in the adjacent figure. Since transport of lignite is not economical, the power station is located close to the mine.
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