Which of the Following Would NOT Tend to Increase the Buying

question 61

Multiple Choice

Which of the following would NOT tend to increase the buying price in an oligopsony?

• A) More buyers in the market
• B) Collusion among the buyers
• C) More elastic supply
• D) Rightward shift in the MV curve

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Definitions:

Additional Paid-In Capital

The amount of money paid by investors for shares of stock above their par value; it is a measure of the excess investment made by shareholders.

Journal Entries

Recorded business transactions in the accounting records of a company, following the double-entry bookkeeping principle.

Note Payable

A written agreement whereby the borrower agrees to pay a certain sum of money to the lender at a future date.

Land Costing

The total expense incurred to acquire land, including purchase price, closing costs, and any other costs to prepare the land for use.