Which of the Following Is True for a Monopsony

question 113

Multiple Choice

Which of the following is true for a monopsony?

• A)It cannot buy additional units of a factor without increasing the price it pays for the factor.
• B)It can buy additional units of a factor without increasing the price it pays for the factor.
• C)The supply of labor it faces is the industry supply of labor.
• D)a and c
• E)b and c

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Definitions:

Conclusion

The final part or summing up of an argument, research study, or discussion, often reflecting the results or the main points made.

Freud

Sigmund Freud was an Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Positive Feedback

A process in which the end products of an action cause more of the action to occur in a feedback loop, amplifying the original action.

Aspiration

A strong desire, longing, or ambition for achieving something.