If the Employer Is a Monopolist in the Output Market

question 6

Multiple Choice

If the employer is a monopolist in the output market:

• A) There is monopsony in the input market.
• B) The demand for labour is less elastic than it would be if the firm operated in a competitive input market.
• C) The firm's demand curve for labour is identical to the case where the firm is a competitor in the output market.
• D) The demand for labour is less elastic than it would be if the firm operated in a competitive output market.
• E) None of the above choices are correct.

---

Definitions:

Transmitter Substances

Chemicals released by nerve cells to transmit signals across a synapse to another nerve, muscle, or gland cell.

Serotonin

A neurotransmitter in the brain that plays a significant role in mood regulation, sleep, and other physiological functions.

Agonists

Drugs that enhance a neurotransmitter’s activity.

Antidepressants

Medications designed to improve symptoms of depression by altering chemical balances in the brain.