The Marginal Factor Cost Curve for a Monopsonist Is

question 124

Multiple Choice

The marginal factor cost curve for a monopsonist is:

• A) upward sloping, unlike the horizontal curve for a firm buying factors of production in a perfectly competitive factor market.
• B) upward sloping, the same as that for a firm buying factors of production in a perfectly competitive factor market.
• C) downward sloping, unlike the horizontal curve for a firm buying factors of production in a perfectly competitive factor market.
• D) horizontal, the same as that for a firm buying factors of production in a perfectly competitive factor market.

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