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A Monopsony Restricts the Quantity of a Factor Demanded to Force

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A monopsony restricts the quantity of a factor demanded to force down the price of the factor and increase profits.


Definitions:

African American

A term referring to individuals in the United States with ancestry from Africa, particularly those whose family came through the transatlantic slave trade.

Hispanic Men

Refers to males of Latin American or Spanish origin or descent, living in any part of the world.

Incarcerated

Being confined in a prison or jail as a form of punishment.

Proportions

The relationship between quantities in terms of magnitude or size, often used to compare parts of a whole or elements in different wholes.

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