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.

---

Definitions:

Speed Measurement

The process of determining the rate of movement of an object, typically measured in units like meters per second or miles per hour.

Load Cell

A device used to measure weight or force by converting a mechanical load into an electrical output signal.

Capacitive Proximity Sensor

A type of sensor that can detect the presence or absence of objects through changes in the electric field, without requiring physical contact.

Ultrasonic Sensor

A type of sensor that uses ultrasonic sound waves to detect the presence, distance, or speed of objects, used in various applications including automation and robotics.