Which of the Following Is Not a Potential Source of Monopsony

question 33

Multiple Choice

Which of the following is not a potential source of monopsony power?

• A)many firms competing for the same input
• B)strong attachments of individuals to their home towns
• C)costs of transporting bulky material inputs
• D)immobility of inputs

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Definitions:

Postulate Of Economics

Fundamental assumptions that serve as the foundation for economic theories and models, such as rational behavior and market efficiency.

Incentives

Factors, either monetary or non-monetary, that motivate individuals or businesses to act in a certain way.

Scarce

A characteristic of resources that are limited in availability, which can lead to competition for their use.

Freely Available

Resources, information, or products that can be accessed or obtained without any payment or restrictions.