If a Firm Is a Monopsonistic Hirer of Labor

question 37

Multiple Choice

If a firm is a monopsonistic hirer of labor,

• A)its marginal expense for labor is greater than the market wage.
• B)its marginal expense for labor is equal to the market wage.
• C)its marginal expense for labor is less than the market wage.
• D)it is a price taker in the labor market.

---

Definitions:

Agribusiness

The industry involved in the production, processing, and distribution of agricultural products.

Front-counter Worker

Employees who interact directly with customers, providing service and support typically in a retail or service establishment.

Silviculture And Forestry

The practice and science of managing forests and woodlands for their conservation and the sustainable production of resources.

Industrial Illness

Health conditions or diseases primarily resulting from exposure to hazards or unhealthy conditions in the workplace, especially common in industrial settings.