A Pure Monopsony Exists in a Labor Market When

question 92

Multiple Choice

A pure monopsony exists in a labor market when

• A)a labor union dominates the labor market.
• B)a single buyer buys all of a given type of labor that has few other employment opportunities.
• C)only a few firms purchase the services of labor in the market.
• D)many competing firms purchase the services of labor in the market.

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Definitions:

Defenseless Prey

Animals that lack overt physical defenses against predators, often relying on camouflage or escape behaviors for survival.

Carnivorous Water Beetles

A group of beetles that live in aquatic environments and feed on other organisms.

Sleeping Clusters

Groups of animals that gather and sleep together for mutual benefits such as warmth, protection from predators, or social bonding.

Selfish Herd Hypothesis

A theory suggesting that individuals in a group move towards the center to reduce their predation risk, acting out of self-interest.