Which of the Following Is Not True About a Monopsonist

question 24

Multiple Choice

Which of the following is not true about a monopsonist?

• A) It can set the wage rate and hire any desired number of workers at that wage.
• B) It is the only buyer of labor in a market.
• C) It usually extracts rents from its monopsony power.
• D) It determines the optimal employment-wage rate combination by equating the marginal revenue product of labor to the marginal cost of labor.

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Definitions:

Prostaglandins

are lipid compounds that perform a variety of hormone-like actions in animals, including inflammation regulation and smooth muscle contraction.

Laparoscope

A surgical instrument used for viewing the internal parts of the abdomen without making large incisions.

Oviduct

The tube that carries ova from the ovary to the uterus, cloaca, or body exterior. Also called fallopian tube or uterine tube.

In Vitro Fertilization

The fertilization of eggs in the laboratory prior to implantation in the uterus for development.