An example of a monopsonist is a labor union whose members include all the workers in a particular industry.

Name: An example of a monopsonist is a labor union whose members include all the workers in a particular industry.
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A monopsonist is a single buyer in a market, not a seller or provider of labor like a labor union. A labor union represents workers, negotiating on their behalf, rather than acting as a single buyer.

An Example of a Monopsonist Is a Labor Union Whose