For a Monopsonist,the Labor Supply Curve Is Upward Sloping Because

question 80

Multiple Choice

For a monopsonist,the labor supply curve is upward sloping because

• A) the monopsonist must compete with other industries for that labor.
• B) the monopsonist requires that the laborers are highly skilled.
• C) the monopsonist is the only buyer in that labor market.
• D) the monopsonist restricts the supply of labor.

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Definitions:

Uninterested

Showing no desire or enthusiasm to be involved with or to know about something; indifferent.

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The front part of a person's head, including the forehead, eyes, nose, mouth, and chin, which is key to identifying individuals and expressing emotions.

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The innate human need to form close emotional bonds and relationships with others.

Symmetry

The balanced distribution of equivalent or similar elements within a design or structure, creating harmony and balance.