This paper studies the employment effect of minimum wages in the monopsony labor market.

文章探讨了劳动力市场买方垄断条件下最低工资对就业的影响。

Some economists argue this makes no sense, despite the fear of a loss of pricing power to a Chinese monopsony.

一些经济学家认为，尽管担心在中国买家垄断下丧失定价权，这么做也毫无意义。

As with any monopsony — one buyer, many sellers — the sellers are going to have their prices dictated by the buyer.

任何意义上的垄断—一个买家，许多卖家——结果都是：卖家不得不让买家来确定价格。

Monopsony: Polygamy is an example of monopsony, which is the situation when a market only has one buyer and multiple sellers.

买主垄断：一夫多妻制就是买主垄断的一个例子。它的情况是，一个市场只有一个买者，但是有多个卖者。

But on the market of monopsony, it is necessary to distinguish between the Competition Structure and the Competition Action on the seller's side.

但在买方垄断的市场上，存在着竞争结构与竞争行为的区别。

When demand is certain, monopsonist will make partial-integration decision to reduce its cost, and there is some inefficiency in production from monopsony.

当需求确定时，买方垄断者采用部分一体化来减少成本支出，但此时存在生产的无效率；