Monopsonistic Labour Markets and the Gender Pay Gap.
The standard textbook monopsony model of a labour market is a static partial equilibrium model with just one employer who pays the same wage to all the workers. The employer faces an upward-sloping labour supply curve (as generally contrasted with an infinitely elastic labour supply curve), represented by the S blue curve in the diagram on the right.. This curve relates the wage paid,, to.
out of 5.