Which of These Would NOT Be Considered a Middleman in a Market

question 201

Multiple Choice

Which of these would NOT be considered a middleman in a market?

• A)a produce wholesaler
• B)an apple farmer
• C)a smartphone retailer
• D)a fruit distributor

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Definitions:

Monopsonist

A market condition where there is only one buyer for a product or service, giving them greater control over prices.

Labor Curve

A graphical representation showing the relationship between the wage rate and the quantity of labor workers are willing to supply.

Labor Unions

Organizations formed by workers to protect their rights and interests, often negotiating wages, benefits, and working conditions with employers.

American Workers

Individuals in the United States actively engaged in the labor market, either employed or seeking employment.