Question: What effect does a price support have on a monopsony? In particular, describe the equilibrium if the price support is set at the price where

What effect does a price support have on a monopsony? In particular, describe the equilibrium if the price support is set at the price where the supply curve intersects the demand curve.

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What effect does a price support have on a monopsony? In particular, describe the equilibrium if the price support is set at the price where the supply curve intersects the demand curve.

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