Overview

bilateral monopoly


Related Overviews

 

More Like This

Show all results sharing these subjects:

  • Business and Management
  • Economics

GO

Show Summary Details

Quick Reference

A market situation with a single buyer (a monopsonist) facing a single seller (a monopolist). This could arise where a single supplier firm faces a single government purchaser, for example the Ministry of Defence, or where a single trade union faces a single employer, for example a nationalized industry. Under bilateral monopoly, price and quantity are decided by bargaining between the two parties.

Subjects: Business and Management — Economics.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.