For a Monopsonist in a Labour Market,the Firm's MC Curve

question 27

Multiple Choice

For a monopsonist in a labour market,the firm's MC curve for labour lies ________ the competitive supply curve for labour; just as the marginal revenue curve for a monopolist lies ________ the demand curve for its product.

• A)below; below
• B)below; above
• C)above; above
• D)above; below

---

Definitions:

Clark Hull

An American psychologist who proposed the drive-reduction theory of learning and motivation.

Edward Titchener

A psychologist who founded structuralism and introduced the technique of introspection.

Maladaptive Behaviors

Actions or tendencies that are counterproductive to oneself or to societal expectations and can interfere with functioning and personal goals.

Synaptic Potential

The potential difference across a synapse that influences the probability of neuron firing by facilitating or inhibiting neuronal signals.