Which of the Following Would Be Most Able to Act

question 67

Multiple Choice

Which of the following would be most able to act like a monopsonist?

• A) a hospital in a small isolated town
• B) a hospital in a very big city
• C) a law firm in Washington, D.C.
• D) a computer software firm in Silicon Valley

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Definitions:

Task Environment

Comprises the immediate external factors and entities that directly affect an organization's operations, including suppliers, customers, competitors, and regulatory agencies.

Constellation of Firms

A network or group of companies that operates together in some capacity, often sharing resources or working toward common goals, without necessarily being legally bound to each other.

Structural Configuration

The arrangement of components within a system or organization, determining how it functions and its effectiveness.

Division of Labor

The assignment of different parts of a manufacturing process or task to different individuals in order to improve efficiency.