Examine measures the government might use to restrict the monopsony power of supermarkets.

The measures that government might use to restrict the monopoly power of supermarkets would be introducing competition policy like for instance introducing new entrant into the market so not only one firm dominates the market Also , another measure that the government could use to restrict monopsony is by introducing minimum pricing so that it ensures that fair prices are paid to suppliers and no monpsony power is applied to rip off suppliers

AK
Answered by Akrit K. Economics tutor

6099 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

Explain how changes in prices allocate scarce resources in a market economy [12 marks]


Define what is meant by GDP, and explain the limitations of using it as a proxy for economic growth.


What is a key constraint to economic growth and development for developing countries? Explain how so.


What is producer surplus and when might it change?


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences