If a Firm Is the Sole Employer of a Factor

question 172

Multiple Choice

If a firm is the sole employer of a factor of production, it is known as

• A)a monopoly.
• B)a competitor.
• C)a monopsony.
• D)an economically discriminating firm.

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Definitions:

Reference Documentation

Documents containing necessary information on standards, operations, or specifications for reference purposes.

Motor Control Circuits

Circuits specifically designed to control the performance and operation of electric motors.

Wiring Diagrams

Wiring diagrams are schematic representations of electrical circuits, showing the connections and layout of an electrical system or circuit.