Monopsony in law and economics provides a comprehensive examination of the economic analysis of monopsony the economic condition in which there is a single buyer of a good or service it also examines the substantive and procedural aspects of antitrust law as they apply to monopsony about the author. Monopsony in law and economics most readers are familiar with the concept of a monopoly a monopolist is the only seller of a good or service for which there are not good substitutes economists and policy makers are concerned about monopolies because they lead to higher prices and lower output the topic of this book is monopsony. Most readers are familiar with the concept of a monopoly a monopolist is the only seller of a good or service for which there are not good substitutes economists and policy makers are concerned about monopolies because they lead to higher prices and lower output the topic of this book is . A monopolist is the only seller of a good or service for which there are not good substitutes economists and policy makers are concerned about monopolies because they lead to higher prices and