A Situation with Only One Buyer of Labor Is Called

question 108

Multiple Choice

A situation with only one buyer of labor is called a(n)

• A) monopoly.
• B) oligopoly.
• C) monopsony.
• D) labor market equilibrium.
• E) labor market disequilibrium.

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Definitions:

Nuisance Doctrine

a legal principle that allows individuals to seek relief from disturbances or interferences with the use and enjoyment of their property.

Air-quality Standard

Regulations and guidelines intended to maintain or improve the quality of the air in outdoor or indoor spaces.

Stationary Sources

Fixed sites or installations that emit pollutants into the environment, such as factories or power plants.

Federal Government

The system of government at the national level in a federal state, which has specific powers over matters not delegated to the states.