Examlex
What is external validity?
Marginal Product
The additional output that results from the use of one more unit of a factor of production, keeping all other factors constant.
Monopsonist
A market condition where there is only one buyer for many sellers, giving the buyer significant power over prices and terms.
Nonunion Labor Force
Employees who are not members of a labor union and do not have negotiated contracts concerning their wages, benefits, and working conditions.
Monopsonist
A market condition in which a single buyer substantially controls the market as the major purchaser of goods and services.
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