The Prevalence of Monopsony Has __________ Over the Last Century

question 102

Multiple Choice

The prevalence of monopsony has __________ over the last century because __________.

• A) declined;it is no longer legal
• B) declined;of greater mobility of individuals
• C) increased;of greater specialized training for workers
• D) increased;mergers
• E) not changed;labour markets have not changed

---

Definitions:

Expert Power

A form of power derived from possessing specialized knowledge or expertise that others value.

Referent Power

The ability to control another’s behavior because of the individual’s desire to identify with the power source.

Bathsheba Syndrome

Ethical failure amongst leaders, characterized by a sense of invulnerability that leads to poor personal decisions and misconduct.

Intoxicating

Having a substantial and often negative or overwhelming impact on mental or emotional state, typically related to substances but can also apply to experiences.