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:

Employees

Individuals who are hired by employers to perform specific duties in exchange for compensation, typically under an employment contract or agreement.

Fair Labor Standards Act

U.S. federal law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards affecting employees in the private sector and in Federal, State, and local governments.

Time-and-a-Half Rate

A pay rate that is 1.5 times the employee's standard hourly rate, often applied to overtime work.

Hours Per Week

A measurement of the amount of time an individual spends on work or other scheduled activities over the course of a week.