Regulatory intervention can be used to address the negative consequences of monopsony power in the labor market. A few options include:

1. Antitrust enforcement: Antitrust laws can be used to prevent firms from engaging in practices that limit competition and suppress wages. The antitrust division of the Department of Justice and the Federal Trade Commission (FTC) are responsible for enforcing these laws.

2. Labor standards and protections: Governments can set minimum wage standards and other labor protections to ensure that workers are paid a fair wage, even in industries dominated by a single buyer. The U.S. Department of Labor is responsible for enforcing these standards.

3. Occupational licensing reform: Occupational licensing requirements can restrict worker mobility and increase the bargaining power of employers. Reforms to licensing requirements can reduce these barriers and increase competition in the labor market. State governments typically regulate occupational licensing.

4. Collective bargaining rights: Collective bargaining by workers can increase their bargaining power and lead to higher wages. Governments can protect and promote collective bargaining rights to counteract the effects of monopsony power. The National Labor Relations Board is responsible for enforcing workers' rights to engage in collective bargaining in the U.S.

These are just a few examples of regulatory options that can be used to address monopsony power in the labor market. The specific actions taken will depend on the particular circumstances and context of each case.
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