There are 2 initial diagrams the left one represents bilater

There are 2 initial diagrams, the left one represents bilateral monopoly, the right a monopsony Click the graph image or click here to bring up a template on which to draw a graph to respond to the questions in this quiz Monopsony Outcome: Before Arbitration Bilateral Monopoly ME 80 300 1 2 3 456 789 Select the File/Copy commands in Google to make a copy of the graph in your Google Drive Account, then follovw the below instructions to complete the graph: 1. in the right hand diagram represent a monopsony equilibrium outcome. 2. in the left hand diagram represent a bilateral monopoly outcome.

Solution

In right diagram equilibrium is at intersection of blue line and red dashed line

In left hand diagram intersection of dashed blue line and dashed red line