Which of the Following Could Be Considered an Example of a Monopsony

question 72

Multiple Choice

Which of the following could be considered an example of a monopsony?

• A) a professional sports league
• B) the only auto repair shop in a small town
• C) a single mining firm that was the only employer in the area
• D) all of the above

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Definitions:

Self-Governing Team

A type of team that operates autonomously, making decisions and managing work processes internally without direct oversight from higher management.

Manager-Lead Team

A team directed and overseen by a manager, with a specific focus on achieving set objectives and outcomes.

Manager-Led Team

A team that operates under the direct guidance and supervision of a designated manager.

Peer-Feedback

The process of receiving constructive criticism and insights about one's work or actions from colleagues or individuals of similar status.