When Only One Buyer Has Access to a Particular Labor

question 86

Multiple Choice

When only one buyer has access to a particular labor market,

• A)A monopoly exists.
• B)There is no seller concentration.
• C)A monopsony exists.
• D)There is no buyer concentration.

Understand the prevalence of nonhuman animal participants in psychological research.

Learn about the ethical guidelines governing psychological research with both humans and animals.

Identify the types of nonhuman animals most commonly used in psychological research.

Understand the focus of comparative psychology.

---

Definitions:

Small Retail Co.

A business that sells goods or merchandise to consumers in relatively small quantities for personal, non-business use.

Auto Supply

Businesses or stores that specialize in providing parts, tools, and accessories for automobiles.

Ultra Vires

Acts or transactions conducted by a corporation that fall outside the scope of powers and purposes defined by its charter or laws; such acts may be invalid or unauthorized.

Clayton Act

The Clayton Act is a U.S. antitrust law, enacted in 1914, aimed at promoting competition and preventing monopolies by addressing specific practices not covered by the Sherman Act.