For a Monopsonist,the Labor Supply Curve Is Upward Sloping Because

question 80

Multiple Choice

For a monopsonist,the labor supply curve is upward sloping because

• A) the monopsonist must compete with other industries for that labor.
• B) the monopsonist requires that the laborers are highly skilled.
• C) the monopsonist is the only buyer in that labor market.
• D) the monopsonist restricts the supply of labor.

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