In economics it is generally agreed that monopolies are bad


Question: In economics, it is generally agreed that monopolies are bad. However, the book argues that the healthcare system could be improved by purchasers of care having their own monopoly power-called a monopsony when in the hands of the buyer. What are the advantages and disadvantages of such monopsony power in healthcare?

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Microeconomics: In economics it is generally agreed that monopolies are bad
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