If a Firm Is the Sole Employer of a Factor

question 172

Multiple Choice

If a firm is the sole employer of a factor of production, it is known as

• A)a monopoly.
• B)a competitor.
• C)a monopsony.
• D)an economically discriminating firm.

---

Definitions:

Hostile Interview

An interviewing scenario where the interviewer adopts an aggressive or challenging behavior towards the interviewee, often for the purpose of seeing how they handle pressure.

Structured Interview

A systematic interview process where all candidates are asked the same predetermined set of questions to ensure consistency and fairness.

Lawful Question

A question that is in accordance with the law, often relevant in legal contexts and interviews.

Guidelines

Instructions or recommendations that indicate how something should be done or what actions should be taken.