What Products and Countries that have monopsony in the factor market but perfect competition in the product market? (2 examples)

What Products and Countries that have monopsony in the factor market but perfect competition in the product market? (2 examples)

What Products and Countries that have monopsony in the factor market but perfect competition in the product market? (2 examples)

What Products and Countries that have monopsony in the factor market but perfect competition in the product market? (2 examples)

I would argue that this is not possible.  I do not believe that there is any sort of a product that can have a monopsony in the factor market and perfect competition in the product market.  Here’s why.In order for there to be perfect competition, there must be many firms making the product and easy entry to the market.If there are many firms producing the good, there cannot possibly be a monopsony because there will not be only one single buyer on the factor market.Therefore, I believe that the situation you describe is logically impossible.
What Products and Countries that have monopsony in the factor market but perfect competition in the product market? (2 examples)
What Products and Countries that have monopsony in the factor market but perfect competition in the product market? (2 examples)
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What Products and Countries that have monopsony in the factor market but perfect competition in the product market? (2 examples)
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