At a time of rising cost living, wide wage inequalities and widespread in-work poverty, the demand for living has heightened. The concept “living wage” some limitations, including that it is operationalised in variety ways. This may serve purpose making more relevant instrument, typically by providing information on firms social partners embed their wage-setting processes; however, can also inc...

This article presents a model of oligopsony. It considers different conjectural variations that cover the whole range between extreme cases monopsony and perfect competition, such as Collusion, Threat, Cournot, Stackelberg, Bertrand, compares them in terms prices, quantities, profits, mark-down, price elasticity supply welfare. also impact minimum wages, under conjectures analyzed.