Which of the Following Is a Characteristic of Monopsony

question 78

Multiple Choice

Which of the following is a characteristic of monopsony?

• A) The type of labour employed is relatively mobile.
• B) The supply curve for labour lies above the marginal resource cost curve.
• C) The wage rate it must pay workers varies directly with the number of workers it employs.
• D) The firm's employment is a small portion of the total employment of that type of labour.
• E) The wage rate it must pay workers is constant.

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Definitions:

Cuddling

The act of holding someone closely in one's arms as a way of showing affection or gaining comfort.

Activation

The process or state of making something active or operative, particularly in relation to psychological or physiological responses.

Aroused

Refers to the state of being awakened or stimulated, either physically, mentally, or emotionally.

Astonished

Greatly surprised or amazed, often beyond expectation.