In a monopsony market, which of the following statements best describes the relationship between marginal analysis and market power?

In a monopsony market, there is only one buyer for many sellers, which gives that buyer significant market power. This means that the buyer can influence the price and quantity of goods or services in the market. Marginal analysis is a tool used to evaluate the additional benefits and costs of buying one more unit of a good or service. In a monopsony, the buyer will use marginal analysis to determine the optimal quantity to purchase, balancing the cost of paying higher prices against the benefits of acquiring more goods. For example, if a large company is the sole buyer of apples from local farmers, it will decide how many apples to buy by comparing the extra cost of purchasing more apples to the additional value those apples bring to their business.