What effect does a price support have on a monopsony, Microeconomics

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What effect does a price support have on a monopsony

Problem

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.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What effect does a price support have on a monopsony

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