A Profit-Maximizing Monopsonist

question 25

Multiple Choice

A profit-maximizing monopsonist

• A) pays the same wage to all types of labor.
• B) hires an equal number of male and female workers and pays them the same wage.
• C) hires more minority workers than nonminority workers, but pays the minority workers less than the nonminorities.
• D) hires fewer workers and pays its workers less than it would if it were operating in a competitive labor market.
• E) substitutes low-skilled labor for high-skilled labor in the long run.

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Definitions:

Biological Changes

Physiological alterations in living organisms, often related to aging, development, or environmental factors.

Behavioural Changes

Adjustments or modifications in an individual’s actions or reactions due to internal or external factors.

Prematurely

Occurring or done before the usual or proper time; too early.

Developmental Stage

A phase or period in life characterized by specific physiological and psychological features that lead to new and more advanced levels of functioning.