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:

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An individual or entity that acts as a catalyst for change, facilitating or implementing change within an organization or society.

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Older Adults

Individuals typically defined as being in the later stage of life, often characterized by retirement age, which varies by society but is often 65 and over.