Which of the Following Is Characteristic of a Labor Market

question 94

Multiple Choice

Which of the following is characteristic of a labor market that is a monopsony?

• A) The type of labor available is relatively mobile from one industry to another.
• B) The supply curve for labor lies above the marginal resource cost curve of the firm.
• C) The wage rate the firm must pay varies directly with the number of workers it employs.
• D) The firm's employment is a small portion of the total employment of that type of labor.

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Definitions:

Amyotrophic Lateral Sclerosis

A progressive neurodegenerative disease affecting motor neurons, leading to muscle weakness and atrophy.

Multiple Sclerosis

An autoimmune disorder where the body's immune system attacks the protective sheath (myelin) of nerve fibers, causing communication problems between the brain and the rest of the body.

End Plate

On a muscle, the receptor–ion complex that is activated by the release of the neurotransmitter acetylcholine from the terminal of a motor neuron.

Muscle Membrane

The semipermeable membrane surrounding muscle cells or fibers, essential for muscle contraction and signaling.