Which of These Is the BEST Example of a Monopsony

question 319

Multiple Choice

Which of these is the BEST example of a monopsony?

• A) gas stations near airport car rental return centers charging very high prices
• B) a local crafts market that attracts nearly every artisan in town
• C) a large auto assembly plant that is the only major employer in a small town
• D) a popular restaurant that always has very long waits

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Definitions:

Detriangulation

The process of removing a third party from a conflict between two other parties to directly address and resolve the issue.

Deinstitutionalization

The policy of moving people with mental or physical disabilities from large institutional settings into community-based care.

Mental Disorders

Conditions characterized by alterations in thinking, mood, or behavior associated with distress and/or impaired functioning.

Community-Based Facilities

Local centers or organizations that offer services and support to members of a community, often aimed at improving health, education, and welfare.