When an Employer That Controls the Demand for Labor Opposes

question 187

Multiple Choice

When an employer that controls the demand for labor opposes a union that controls the supply of labor,it is called

• A)an oligopoly.
• B)an oligarchy.
• C)a bilateral monopoly.
• D)a monopsony.

---

Definitions:

Price Increase

A rise in the cost of goods or services, affecting the purchasing power of consumers.

Widgets

A generic term often used to refer to any hypothetical manufactured good or product.

Sales Decrease

A situation in which the quantity of products sold by a company or in a market declines.

Demand Curve

A graph showing the relationship between the price of a good and the amount that consumers are willing and able to purchase at different prices.