A Price Discriminating Monopsonist Could Increase Its Profits by

question 2

Multiple Choice

A price discriminating monopsonist could increase its profits by

• A)paying the minimum wages possible.
• B)hiring as little capital as possible.
• C)paying lower wages to workers with inelastic supply of labor curves than to workers with elastic curves.
• D)paying lower wages to workers with elastic supply of labor curves than to workers with inelastic curves.

---

Definitions:

Optimum Results

The best or most favorable outcomes achievable under specific conditions or constraints in various contexts like business, studies, or production.

Collaborate

Working together with one or more people to produce or create something through shared effort, knowledge, and skills.

Leader-member Exchange

A theory highlighting the dyadic relationships and unique, individualized bonds between leaders and each of their followers.

Team Members

Individuals who are part of a group working collaboratively towards a common objective, each contributing their unique skills and expertise.