Suppose That a Factory in a Small City Is the Only

question 106

Multiple Choice

Suppose that a factory in a small city is the only employer for thousands of unskilled workers.The model that best fits this situation is:

• A) monopoly.
• B) bilateral monopoly.
• C) perfect competition.
• D) monopsony.

---

Definitions:

Isolation

The state of being in a place or situation that is separate from others; it can be physical or social.

Ageism

Discrimination or prejudice against individuals or groups based on their age, often affecting older adults.

Social factors

Influences that arise from the individual's social environment, affecting behavior, preferences, and attitudes.

Self-identity

An individual's conception of themselves, including beliefs, personality traits, and values that define who they are.