Assume the Ajax Mining Company Hires 80 Percent of the Nonunion

question 64

Multiple Choice

Assume the Ajax Mining Company hires 80 percent of the nonunion labor force of Mother Lode, New Mexico. Also, suppose that this labor force is highly immobile. Economists would describe this employer as a(n)

• A) monopolist.
• B) oligopolist.
• C) monopsonist.
• D) monopolistic competitor.

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Definitions:

Heterozygous

Referring to an organism that has two different alleles for a specific gene, one inherited from each parent.

Dominant Allele

An allele that expresses its phenotypic effect even when heterozygous with a recessive allele.

Recessive Allele

A variant of a gene that must be inherited from both parents in order to manifest its trait, as opposed to a dominant allele where only one copy is needed for expression.